6. ABC, VAT registered person has the following gross receipts for year 2018: Red Bus has total receipts of P 200,000 (includes receipts from carriage of goods of P 10,00) Blue Bus has total receipts of P 300,000 (excludes receipts from carriage of goods of P 10,00) Taxi- receipts of P 40,000 Jeepney has total receipts of P 70,000. Cargo trucks has total receipts of P 100,000 Sea vessel has total receipts of P 300,000 What is the total business taxes due from ABC?

6. ABC, VAT registered person has the following gross receipts for year 2018: Red Bus has total receipts of P 200,000 (includes receipts from carriage of goods of P 10,00) Blue Bus has total receipts of P 300,000 (excludes receipts from carriage of goods of P 10,00) Taxi- receipts of P 40,000 Jeepney has total receipts of P 70,000. Cargo trucks has total receipts of P 100,000 Sea vessel has total receipts of P 300,000 What is the total business taxes due from ABC?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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