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On April 19, 2024, ABC Medical Center bought from XYZ Corp, a VAT-registered supplier of capital equipment, coveralls, gown, surgical cap, surgical mask, N-95 mask,
On April 19, 2024, ABC Medical Center bought from XYZ Corp, a VAT-registered supplier of capital equipment, coveralls, gown, surgical cap, surgical mask, N-95 mask, scrub suits, goggles and face shields, double or surgical gloves, dedicated shoes and shoe covers for COVID-19 prevention. Total payment is P5,000,000. The sale is subject to: a. 0% VAT c. VAT-exempt b. 12% VAT d. 3% Percentage tax
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
