10 A dealer in securities has the following for the year 2018: Sale of securities held for sale in the ordinary course P4,000,000 Cost of securities held for sale in the ordinary course 2,500,000...


10


A dealer in securities has the following for the year 2018:


Sale of securities held for sale in the ordinary course        P4,000,000



Cost of securities held for sale in the ordinary course         2,500,000



Supplies expense, net of VAT                                                     300,000


Rent expense, net of VAT                                                          500,000



The OUTPUT VAT shall be:



Jun 10, 2022
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