8. Robin Hood, a trader, made the following transaction of goods, exclusive of vat during the second quarter: Cash Sales P200,000 Open account sales P100,000 Consigned goods- delivered: April 15, May 15, and June 15 - P100,000 each The output tax for second quarter is a. P40,000 b. P48,000 c. P60,000 d. P36,000

8. Robin Hood, a trader, made the following transaction of goods, exclusive of vat during the second quarter: Cash Sales P200,000 Open account sales P100,000 Consigned goods- delivered: April 15, May 15, and June 15 - P100,000 each The output tax for second quarter is a. P40,000 b. P48,000 c. P60,000 d. P36,000

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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