ABC Corporation is a domestic corporation engaged in land transport business It had the following data for April 2021 RECEIPTS Transport of passengers P1,600,000 Transport of cargoes 2,400,000 PURCHASES Gas, oil materials for the transport of passengers 300,000 Gas, oil materials for the transport ...

Step 1 Given Information Since no rate is mentioned in the ques ...

ABC Corporation is a domestic corporation engaged in land transport business. It had the following data for

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ABC Corporation is a domestic corporation engaged in land transport business. It had the following data for April 2021:

RECEIPTS
Transport of passengers	P1,600,000
Transport of cargoes	2,400,000
PURCHASES
Gas, oil & materials for the transport of passengers	300,000
Gas, oil & materials for the transport of cargoes	600,000
All amounts are exclusive of applicable tax.

How much is the VAT payable for the month of April?

Related Book For answer-question

Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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Posted Date: Dec 09, 2022 01:58 AM

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ABC Corporation is a domestic corporation engaged in land transport business. It had the following data for

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Cornerstones of Financial and Managerial Accounting

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