1. The VAT payable for January is?2. The VAT payable for February is3. The VAT payable for March is? Use the following data for next three (3) questions:The books of accounts of Edwin Corporation, VAT registered , revealed thefollowing data in 2022:Deferred input taxes, December 20216,200Sales:January620,000February430,000March540,000Purchases:January508,000February432,000March314,500

Deducting or reducing tax credit from tax collected and levied during the payment period, VAT is…

Answered: 1. The VAT payable for January is? 2.…

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1. The VAT payable for January is? 2. The VAT payable for February is 3. The VAT payable for March is?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 2EA: Consider the following accounts and determine if the account is a current liability, a noncurrent...

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