31. A, VAT-registered, made the following purchases during the month of January 2018 Goods for sale, inclusive of VAT 224,000 Supplies, exclusive of VAT Office air conditioner, total invoice amount Home appliances for residence, gross of VAT Repair of store, total invoice amount evidenced by ordinary receipt of the contractor 20,000 56,000 17,600 4,400 Creditable input taxes are: a. 26,400 b. 29,400 c. 24,000 d. 32,400
31. A, VAT-registered, made the following purchases during the month of January 2018 Goods for sale, inclusive of VAT 224,000 Supplies, exclusive of VAT Office air conditioner, total invoice amount Home appliances for residence, gross of VAT Repair of store, total invoice amount evidenced by ordinary receipt of the contractor 20,000 56,000 17,600 4,400 Creditable input taxes are: a. 26,400 b. 29,400 c. 24,000 d. 32,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![31. A, VAT-registered, made the following purchases during the month of January 2018
Goods for sale, inclusive of VAT
Supplies, exclusive of VAT
Office air conditioner, total invoice amount
Home appliances for residence, gross of VAT
Repair of store, total invoice amount evidenced by ordinary
receipt of the contractor
224,000
20,000
56,000
17,600
4,400
Creditable input taxes are:
a. 26,400
b. 29,400
c.
24,000
d. 32,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a2516db-119a-4e39-8e2d-a4522763f556%2F8d6a141a-e0c0-4bee-a7de-2ad21e6ecbdf%2F0vvuf9m_processed.png&w=3840&q=75)
Transcribed Image Text:31. A, VAT-registered, made the following purchases during the month of January 2018
Goods for sale, inclusive of VAT
Supplies, exclusive of VAT
Office air conditioner, total invoice amount
Home appliances for residence, gross of VAT
Repair of store, total invoice amount evidenced by ordinary
receipt of the contractor
224,000
20,000
56,000
17,600
4,400
Creditable input taxes are:
a. 26,400
b. 29,400
c.
24,000
d. 32,400
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