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Compute the invoice value in peso

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Reference no: EM132974820

Question - Advance VAT on the Sale of Flour - On July 1, 2015, a flour miller purchased wheat from BCD Company, a wheat trader, amounting to P800,000. The estimated freight was at P18,000.

Required -

1. Compute the Invoice value in peso.

2. Compute the 5% Mark-up.

3. Compute the Tax base.

4. Compute the Advance VAT.

Reference no: EM132974820

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