Sun is a VAT-registered life insurance company and it has the following gross receipts during the period. Life insurance

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Sun is a VAT-registered life insurance company and it has the following gross receipts during the period. Life insurance

Post by answerhappygod »

Sun Is A Vat Registered Life Insurance Company And It Has The Following Gross Receipts During The Period Life Insurance 1
Sun Is A Vat Registered Life Insurance Company And It Has The Following Gross Receipts During The Period Life Insurance 1 (33.75 KiB) Viewed 33 times
CHOICES OF ANSWERS:
38,300
41,000
34,500
29,600
Sun is a VAT-registered life insurance company and it has the following gross receipts during the period. Life insurance 177,000 premiums Insurance commission 53,000 income Reinstatement 65,000 fees Reinsurance 100,000 premiums Reinsurance 41,000 fees Reinsurance 64,000 commission Sun only engages in the business of life insurance. Total input vat from purchases is P50,000 How much of the input VAT is closed to expenses? [Select
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”