Topic: Taxation

please ignored what is written there, thank you.

VAT Rate: 12%

6. A, trader, made the following sales of goods during the month of June 2018. exclusive of VAT: Cash Sales P 200,000 2001 Open Account Sales 100,000 loot Consignment made (net of vat): NOT June 15, 2018 P100,000 400 T & 12%= 487 May 15, 2018 P100,000 *April 15, 2018 P 100,000 *The April consignment was return to the company last June 1 Output tax is a. P 50,000 b. P 36,000 c. P 48,000 d. P 72,000 e, none of the 3%