Question: Use the following data for the next two (2) questions The following data during the month relates to William Company, a VAT registered person: Domestic

Use the following data for the next two (2) questions The following data during the month relates to William Company, a VAT registered person: Domestic sales, invoice amount P330.000 Domestic sales to export traders 274.996 Export sales 200,000 Purchases of goods for domestic sales 374,000 Purchases of supplied on domestic sales 69.848 Purchase of service 154.000 Purchase of goods for export. 55.000 BL. Total input tax is a. P20.650 C. P54.350 b. P40.350 d. P69.548 82. Value added tax payable/excess tax if input taxes on exports are claimed as tax credit a [P5,127) C P19,446 b. P4.350 d P20.650 83. A VAT registered person has the following data: port so

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!