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26. is a non-VAT business with a total sales of P1,500,000 of which 70% has been collected. Its total purchases inclusive of VAT is P1,120,000.
26. is a non-VAT business with a total sales of P1,500,000 of which 70% has been collected. Its total purchases inclusive of VAT is P1,120,000. How much is the business tax of A ? A. P 180,000 C. P40,000 B. P120,000 D. P0 - Business Supplies issued a client invoice for a total amount of P87,360 for office supplies purchased. 47. Output tax on the sale A. P7,800 B. P9,360 C. 7,850 D. 9,600 48. Gross selling price A. P7800 B. P8,580 C. P78,000 D. P85,800
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