Problem 9-18

Bisa Yan, a VAT-registered exporter, reported the following sales during the year:
FOREIGN SALES DOMESTIC SALES
Gross Sales P 2,000,000 P 1,500,000
Related input VAT 36,000 20,000

The net VAT payable would be:

a. 180,000
b. 160,000
c. 134,000
d. 124,000
Problem 9-19 (pg. 431)
A trading business with annual sales of P 400,000 is registered as VAT. For its sale of P 50,000, how much
should be the total amount indicated in its invoice?
a. 448,000
b. 400,000
c. 56,000
d. 50,000
Problem 9-20
A VAT-registered business reported a VAT purchase invoice amounting to P84,000. The same goods were
sold at P 120% of cost. How much would be the total VAT sales invoice amount?
a. 110,880
b. 100,800
c. 92,400
d. 82,500