Question
Juan Cruz, a non-VAT registered senior citizen and owner of St. Joseph Drugstore, had the ff. sales during the first quarter of 2019. Medicine
Juan Cruz, a non-VAT registered senior citizen and owner of St. Joseph Drugstore, had the ff. sales during the first quarter of 2019. Medicine sold Sales to senior citizens Sales to regular customers Sale of medicine for diabetes 10,000 70,000 Sale of medicine for hypertension 20,000 30,000 Sale of other medicines 90,000 120.000 Total sales Php 120,000 Php 220,000 Compute the exempt sales. Select the correct response: O 130,000 O 220,000 120,000
Step by Step Solution
3.50 Rating (170 Votes )
There are 3 Steps involved in it
Step: 1
Sol Calculation of Exempt sales Amount 2 Particulars Sale of medicine ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App