Compute for Net VAT “exclusive” Sales/ Receipts:Total VAT Sales (VAT exclusive) = Php 170,000.00Total purchases with VAT receipts (VAT exclusive) = Php 77,000.00a.Php 11,155.00b.Php 11,170.00c.Php 11,159.00d.Php 11,160.00
Question
Compute for Net VAT “exclusive” Sales/ Receipts:Total VAT Sales (VAT exclusive) = Php 170,000.00Total purchases with VAT receipts (VAT exclusive) = Php 77,000.00a.Php 11,155.00b.Php 11,170.00c.Php 11,159.00d.Php 11,160.00
Solution
The question seems to be asking for the computation of Net VAT "exclusive" Sales/ Receipts. However, the options provided (a, b, c, d) do not seem to correspond to any calculation that can be made with the given information.
The Net VAT "exclusive" Sales/ Receipts would typically be calculated by subtracting the Total purchases with VAT receipts (VAT exclusive) from the Total VAT Sales (VAT exclusive).
Using the provided figures:
Total VAT Sales (VAT exclusive) = Php 170,000.00 Total purchases with VAT receipts (VAT exclusive) = Php 77,000.00
Net VAT "exclusive" Sales/ Receipts = Total VAT Sales (VAT exclusive) - Total purchases with VAT receipts (VAT exclusive)
Net VAT "exclusive" Sales/ Receipts = Php 170,000.00 - Php 77,000.00 = Php 93,000.00
This result does not match any of the provided options (a, b, c, d). It's possible that there may be a mistake in the question or the provided options.
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