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The Department of Foreign Affairs issued a purchase order for the acquisition of Office Equipment costing P100,000. The equipment was delivered with a charge invoice
The Department of Foreign Affairs issued a purchase order for the acquisition of Office Equipment costing P100,000. The equipment was delivered with a charge invoice and was paid by check after withholding tax of 2%. The department remitted the tax withheld
through Tax Remittance Advice (TRA). Question 6 = What is the entry to record the receipt of the Office Equipment?
Question 1 - What is the entry to record the payment of the purchased Office
Equipment?
Question 2 - What is the entry to record the remittance of the tax withheld?
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