Question
How much is the total VAT on local sales and importation? The following data taken from its books are presented to you by Fish Fresh,
How much is the total VAT on local sales and importation?
The following data taken from its books are presented to you by Fish Fresh, Canned and Dried, VAT-registered company.
Sale of locally produced canned sardines P1,000,000
Sale of newly hauled fresh sardines P1,500,000
Sale of canned sardines to a Subic Bay Metropolitan Authority accredited enterprise P500,000
Sale of locally produced dried fish P700,000
Importation of fresh fish from Alaska, USA P2,000,000
Importation of canned sardines from Portugal P3,000,000
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
