Refund of excess input VAT

1. After recognizing the value-added tax payable for the month of December 2017, the
books of accounts of Five Belo, a merchandising company, showed a debit balance in
the input taxes account of P12,000. Sales and purchases at total invoice prices/costs for
January 2018 were:

The value-added tax on the importation is:

P2,604
2. Which of the following are not account titles with balances in the books of accounts of a
VAT taxpayer?
Excess input taxes carry-over
3.