5. SAN JOSE has the following data for first quarter of 2018:Output taxP 30,000P 45,000P 10,000Input taxP 25,000P 40,000P 6,000The company has debit balance of input tax at the beginning of the year amounting to PMonthJanFebMarch9,000.What is the amount paid for VAT in Feb? (VAT payable)6.Based on number 5, what is the VAT payable for the first quarter of 2018?

Name: 5. SAN JOSE has the following data for first quarter of 2018:Output t
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Description: 5. SAN JOSE has the following data for first quarter of 2018:Output taxP 30,000P 45,000P 10,000Input taxP 25,000P 40,000P 6,000The company has debit balance of input tax at the beginning of the year amounting to PMonthJanFebMarch9,000.What is the am

VAT or Value Added Tax refers to the tax levied on the value addition in goods or service. When…

Answered: What is the amount paid for VAT in Feb?…

Business

Accounting

What is the amount paid for VAT in Feb? (VAT payable)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8MC: A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be...

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