3. A, a CPA had the following data for January 2021 (vat not included): a. On...
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3. A, a CPA had the following data for January 2021 (vat not included): a. On Professional services: Collections.......... Receivables. b. Payments to: Vat suppliers..... P280,000 120,000 60,000 20,000 18,000 1,200,000 Non-VAT suppliers. c. Salaries of office personnel.. d. Purchase of office equipment (6 years life)... Determine the VAT due (excess input tax) for the month. 3. A, a CPA had the following data for January 2021 (vat not included): a. On Professional services: Collections.......... Receivables. b. Payments to: Vat suppliers..... P280,000 120,000 60,000 20,000 18,000 1,200,000 Non-VAT suppliers. c. Salaries of office personnel.. d. Purchase of office equipment (6 years life)... Determine the VAT due (excess input tax) for the month.
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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