Five Senior Citizens, 10 non-senior / non-PWD and 5 PWDs who are also Senior Citizens ordered P20,000 worth of group meal in a restaurant. Assuming the P20,000 amount is net of VAT, how much is the Output VAT?

Five Senior Citizens, 10 non-senior / non-PWD and 5 PWDs who are also Senior Citizens ordered P20,000 worth of group meal in a restaurant. Assuming the P20,000 amount is net of VAT, how much is the Output VAT?

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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165. Subject :- Accounting
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