Ben Fernandez a VAT-registered taxpayer had the following data for each of the monthsindicated of its taxable year:Data for the month of:VAT not included:JulyAugustSeptemberP 1,437,500 P2,500,000 P2,312,5001,875,000There was an excess input tax of P25,000 at the end of June. . How much VAT is due inSales..Purchases..750,0002,000,000July, August, and for the quarter?

Vat is known as value added tax. Vat rate in Philippines is 12% Input vat means the vat amount which…

Ben Fernandez a VAT-registered taxpayer had the following data for each of the months indicated of its taxable year. Data for the month of: VAT not included: Sales... Purchases.. There was an excess input tax of P25,000 at the end of June. . How much VAT is due in July, August, and for the quarter? July August September P 1,437,500 P2,500,000 P2,312,500 2,000,000 750,000 1,875,000

Ben Fernandez a VAT-registered taxpayer had the following data for each of the months indicated of its taxable year. Data for the month of: VAT not included: Sales... Purchases.. There was an excess input tax of P25,000 at the end of June. . How much VAT is due in July, August, and for the quarter? July August September P 1,437,500 P2,500,000 P2,312,500 2,000,000 750,000 1,875,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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