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VAT PHILIPPINES TRAIN LAW A VAT taxpayer had the following purchases and sales, exclusive of VAT: January February March Cash purchases P 800,000 P 420,000

VAT PHILIPPINES TRAIN LAW
A VAT taxpayer had the following purchases and sales, exclusive of VAT: January February March Cash purchases P 800,000 P 420,000 P 375,000 Cash sales P 750,000 P 680,000 P 500,000 Required: Prepare journal entries and compute the quarterly VAT still due

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VAT PHILIPPINES TRAIN LAW A VAT taxpayer had the following purchases and sales, exclusive of VAT: January February March Cash purchases P 800,000 P 420,000

VAT PHILIPPINES TRAIN LAW A VAT taxpayer had the following purchases and sales, exclusive of VAT: January February March Cash purchases P 800,000 P 420,000 P 375,000 Cash sales P 750,000 P 680,000 P 500,000 Required: Prepare journal entries and compute the quarterly VAT still due

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Fundamental Accounting Principles Volume 1

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VAT PHILIPPINES TRAIN LAW
A VAT taxpayer had the following purchases and sales, exclusive of VAT: January February March Cash purchases P 800,000 P 420,000 P 375,000 Cash sales P 750,000 P 680,000 P 500,000 Required: Prepare journal entries and compute the quarterly VAT still due