Pedro, vat-registered, made the following purchases during the month of January 2018: Goods for sale, inclusive of
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Question:
Pedro, vat-registered, made the following purchases during the month of January 2018:
Goods for sale, inclusive of VAT P 246,600
Supplies, exclusive of VAT 20,000
Packaging materials, total invoice amount 56,000
Home appliances for residence, gross of VAT 17,920
Office machines (5pces.), 8 years useful life, net of VAT 2,000,000
Creditable Input taxes are ____________________
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