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A VAI registered hotel offers different services to its guests. The following data were taken from the books of the taxpayer for the 1*
A VAI registered hotel offers different services to its guests. The following data were taken from the books of the taxpayer for the 1* quarter of 2018 (exclusive of tax): Hotel rooms Dining hall: Disco: Sale of food and restaurant Sale of wine, beer, and liquor Revenues P 2M 2.5M 1M 1.6M 1.2M Collections P 1.8M Sale of food and refreshments Sale of wine, beer, and liquor Other revenues (rentals, massage, spa) Required: Determine the correct business tax due for the quarter. 800T 2.2M 950T 1.6M 1.2M 700T
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Taxable Gross Sales 1 Hotel rooms P2000000 2 Dining hall Sale of food and r...
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Management Accounting
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
6th Canadian edition
013257084X, 1846589207, 978-0132570848
