Question: Compute the VAT in the given problem. A. ABS Company sold P 134,400.00 on account inclusive of VAT to CBN Company both are VAT -

Compute the VAT in the given problem. A. ABS Company sold P 134,400.00 on account inclusive of VAT to CBN Company both are VAT - Registered. ABS purchases in cash for the quarter is P 85,000.00, VAT inclusive. How much is the output VAT? B. ABS Company sold P 134,400.00 on account inclusive of VAT to CBN Company both are VAT - Registered. ABS purchases in cash for the quarter is P 56,000.00, VAT inclusive. How much is the output VAT

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