Jackie reported the following for the taxable year 2022. Vatable ending inventory for March is P240,000, of which the related VAT paid is negligible.How much is the business tax payable for the October? JanFebMarAprMayJunJulAugSepOctNovDecSales960,000920,000 1,150,000680,000670,000860,000440,000550,000580,000790,000630,000 1,250,000Purchases450,000250,000380,000 345,000405,000210,000450,000470,000680,000380,000 410,000750,000

Vat payable is the amount of tax which a business have to pay to the government which has been…

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Business

Accounting

How much is the business tax payable for the October?

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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