Statement 1: The total amount of taxes paid in the previous two (2) months declared in the
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Question:
Statement 1: The total amount of taxes paid in the previous two (2) months
declared in the Quarterly VAT Return is Ph 466,400.
Statement 2: The amount of VAT payable as of December 31, 2020 is PhP 532,200.
Only the first statement is correct
Only the second statement is correct
Both statements are correct
Both statements are incorrect
None of the above
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