Question: Kindy solve the problem: Kindly solve this problem: Balin Trading, a VAT taxpayer, had the following sales and purchases during the month: Sales, excluding VAT

Kindy solve the problem:

Kindly solve this problem: Balin Trading, a VAT taxpayer, had the following sales and purchases during the month: Sales, excluding VAT P300,000 Purchases, inclusive of P14,000 VAT P280,000 Compute the gross income if the sale is VAT-exem pt

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