Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hotel Co Inc, a small-scale taxpayer, had local sales to the amount of RMB 91,500 (VAT exclusive) during April 2022. During that same month it

image text in transcribed
Hotel Co Inc, a small-scale taxpayer, had local sales to the amount of RMB 91,500 (VAT exclusive) during April 2022. During that same month it had local purchases and expenses to the amount of RMB 75,000 (VAT Exclusive), for which it had obtained special VAT invoices (special fa piao). Required : Answer Questions 1 to 4 below : (3 marks) 1. Calculate \& type the total Output VAT for April 2022 : 2. Calculate \& type the total Input VAT for April 2022 : 3. Calculate \& type the final Net VAT Payable / Creditable / Refundable number only (MANDATORY: Indicate which is applicable in the NOTE) by I to Hotel Co Inc for April 2022

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions