BIR form to file quarterly fringebenefit tax *O 2307O 2316O 1601C1603 Mandaue reimbursed the following expense liquidation of its managerial employee:20,000.00Purchase of office suppliesPersonal meals and groceries15,000.00Gasoline for transportation (1/2 for business)8,000.00Office electricity, water, and telephone bills12,000.00

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Business

Accounting

file quarterly

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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Concept explainers

Cost of Credit

The cost of credit is an extra amount that the borrower has to pay besides the loan amount. These credit charges may vary from loan to loan. The cost of credit includes interest charges, maintenance charges, and arrangement charges. Some of the costs are mandatorily collected by the lender based on the loan amount and tenure of the loan. The cost of credit is also called finance charges of the credit.

Question

BIR form to file quarterly fringe
benefit tax *
O 2307
O 2316
O 1601C
1603

Mandaue reimbursed the following expense liquidation of its managerial employee:
20,000.00
Purchase of office supplies
Personal meals and groceries
15,000.00
Gasoline for transportation (1/2 for business)
8,000.00
Office electricity, water, and telephone bills
12,000.00

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