VAT registered realty dealer sold a parking lot at the following terms Zonal value (fair value) Less 10 discount Selling price Compute the output VAT P 2,000,000 200,000 P 1,800,000 Zonal value (fair value) Less 10 discount Selling price Compute the output VAT P 2,000,000 200,000 P 1,800,000...

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VAT-registered realty dealer sold a parking lot at the following terms; Zonal value (fair value) Less: 10%

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VAT-registered realty dealer sold a parking lot at the following terms;

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Intermediate Accounting

ISBN: 978-0132612111

Volume 1, 1st Edition

Authors: Kin Lo, George Fisher

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Posted Date: Mar 03, 2024 11:58 PM

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VAT-registered realty dealer sold a parking lot at the following terms; Zonal value (fair value) Less: 10%

Question:

Zonal value (fair value) Less: 10% discount Selling price Compute the output VAT. P 2,000,000 200,000 P 1,800,000 Zonal value (fair value) Less: 10% discount Selling price Compute the output VAT. P 2,000,000 200,000 P 1,800,000

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Intermediate Accounting

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