Question
Rustico owns a small eatery near a trimobile parking area. Its annual gross receipts range from 400,000 to 450,000. In January, the gross receipts amounted
Rustico owns a small eatery near a trimobile parking area. Its annual gross receipts range
from 400,000 to 450,000. In January, the gross receipts amounted to 27,500 while
purchases of goods subject to VAT is 6,000 and not subject to VAT, 13,000. Compute
the percentage due for the month if Rustico is not a VAT registered taxpayer.
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Strategic Managerial Accounting: Hospitality, Tourism & Events Applications
Authors: Tracy Jones, Helen Atkinson, Angela Lorenz, Peter Harris
6th Edition
