Z co. is a manufacturer of corn and vegetable cooking oils. It had the following data in a month, VAT not included: Sales P900,000 Purchases from farmers: Of corns P200,000 Of vegetables P220,000 Purchases from VAT suppliers: Of paper labels P5,000 Others P500 Purchases of plastic containers from VAT suppliers P40,000 Purchases of machine parts from non-vat supplier P80,000 How much was the value-added tax payable for the month?
Z co. is a manufacturer of corn and vegetable cooking oils. It had the following data in a month, VAT not included:
Sales P900,000
Purchases from farmers:
Of corns P200,000
Of vegetables P220,000
Purchases from VAT suppliers:
Of paper labels P5,000 Others P500
Purchases of plastic containers from VAT suppliers P40,000
Purchases of machine parts from non-vat supplier P80,000
How much was the value-added tax payable for the month?
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