Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For the second quarter of 2024, the following are earned ; Professional fees, P500,000, 80% collected and 20% still collectible Gross profit of P240,000, equivalent
For the second quarter of 2024, the following are earned ; Professional fees, P500,000, 80% collected and 20% still collectible Gross profit of P240,000, equivalent to 20% of sales What amount is the tax base of the 12% OUT PUT VAT
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started