Question
VAT PHILIPPINES (Presentations similar to real business transactions will be appreciated) 1. Make a diagram or flowchart. 2. Start from a VAT-Exempt person transacting to
VAT PHILIPPINES
(Presentations similar to real business transactions will be appreciated)
1. Make a diagram or flowchart.
2. Start from a VAT-Exempt person transacting to a VAT-registered person. From the VAT registered, two transactions happen 1) Export sale and 2) Local sale.
3. Compute the Input VAT, Output VAT and VAT payable in each transaction.
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College Accounting Chapters 1-27
Authors: James A. Heintz, Robert W. Parry
23rd edition
1337794759, 978-1337794756
