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A. 250,000 B. 150,000 C. 100,000 D. 50,000 .Taxpayer is a dealer of household appliances. He reported the following: 2021 2022 P500,000 250,000 100,000 Installment
A. 250,000
B. 150,000
C. 100,000
D. 50,000
.Taxpayer is a dealer of household appliances. He reported the following: 2021 2022 P500,000 250,000 100,000 Installment sales Cost of sales Collections The 2022 collection is inclusive of P100,000 accounts from 2021 Using installment method, compute the taxpayer's gross income subject to income tax in 2021. P800,000 440,000 600,000
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
