The following relate to collections upon billings, receipts, and unpaid billings of a practitioner during the...

 

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The following relate to collections upon billings, receipts, and unpaid billings of a practitioner during the year: Receipts from current year billings P800,000 Receipts from last year's billings 200,000 Current year uncollected billings 100,000 Reimbursement for out-of pocket 20,000 expenses Compute for OSD if the taxpayer is under the accrual basis? Your answer The following relate to collections upon billings, receipts, and unpaid billings of a practitioner during the year: Receipts from current year billings P800,000 Receipts from last year's billings 200,000 100,000 Current year uncollected billings Reimbursement for out of pocket 20,000 expenses Compute for OSD if the taxpayer is under the cash basis? Your answer 2 points 2 points The following relate to collections upon billings, receipts, and unpaid billings of a practitioner during the year: Receipts from current year billings P800,000 Receipts from last year's billings 200,000 Current year uncollected billings 100,000 Reimbursement for out-of pocket 20,000 expenses Compute for OSD if the taxpayer is under the accrual basis? Your answer The following relate to collections upon billings, receipts, and unpaid billings of a practitioner during the year: Receipts from current year billings P800,000 Receipts from last year's billings 200,000 100,000 Current year uncollected billings Reimbursement for out of pocket 20,000 expenses Compute for OSD if the taxpayer is under the cash basis? Your answer 2 points 2 points

Answer rating: 100% (QA)

Under the accrual basis To compute for OSD Other Similar Deductions we need to determine th... View the full answer