Quarterly payments: 1st quarter Php 250,000.00 Php 50,000.00 Php 300,000.00 2nd quarter Php 250,000.00 Php 50,000.00 Php 300,000.00 3rd quarter Php 250,000.00 Php 50,000.00 Php 300,000.00 4th quarter Php 250,000.00 Php 50,000.00 Php 300,000.00 Question: How much is the VAT imposable for Client 1? Note: Write only the amount without comma, no peso sign and round off to the nearest peso (e.g. write 100000 only if the answer is One Hundred Thousand Pesos). If your answer is Zero, write 0 only. DO NOT INDICATE ANY NEGATIVE SIGN.

Quarterly payments: 1st quarter Php 250,000.00 Php 50,000.00 Php 300,000.00 2nd quarter Php 250,000.00 Php 50,000.00 Php 300,000.00 3rd quarter Php 250,000.00 Php 50,000.00 Php 300,000.00 4th quarter Php 250,000.00 Php 50,000.00 Php 300,000.00 Question: How much is the VAT imposable for Client 1? Note: Write only the amount without comma, no peso sign and round off to the nearest peso (e.g. write 100000 only if the answer is One Hundred Thousand Pesos). If your answer is Zero, write 0 only. DO NOT INDICATE ANY NEGATIVE SIGN.

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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