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Ben Fernandez a VAT-registered taxpayer had the following data for each of the months indicated of its taxable year. Data for the month of: VAT not included: Sales... Purchases.. There was an excess input tax of P25,000 at the end of June. . How much VAT is due in July, August, and for the quarter? July August September P 1,437,500 P2,500,000 P2,312,500 2,000,000 750,000 1,875,000

Ben Fernandez a VAT-registered taxpayer had the following data for each of the months indicated of its taxable year. Data for the month of: VAT not included: Sales... Purchases.. There was an excess input tax of P25,000 at the end of June. . How much VAT is due in July, August, and for the quarter? July August September P 1,437,500 P2,500,000 P2,312,500 2,000,000 750,000 1,875,000

SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 19CE
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Ben Fernandez a VAT-registered taxpayer had the following data for each of the months indicated of its taxable year: Data for the month of: VAT not included: July August September P 1,437,500 P2,500,000 P2,312,500 1,875,000 There was an excess input tax of P25,000 at the end of June. . How much VAT is due in Sales.. Purchases.. 750,000 2,000,000 July, August, and for the quarter?
Transcribed Image Text:Ben Fernandez a VAT-registered taxpayer had the following data for each of the months indicated of its taxable year: Data for the month of: VAT not included: July August September P 1,437,500 P2,500,000 P2,312,500 1,875,000 There was an excess input tax of P25,000 at the end of June. . How much VAT is due in Sales.. Purchases.. 750,000 2,000,000 July, August, and for the quarter?
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