Reference no: EM132521727
The following were the transactions of a VAT taxpayer, VAT not included for each of the following months indicated of a calendar quarter:
1st month 2nd month 3rd month
Sales 1,800,000 1,600,000 2,000,000
Purchases 2,000,000 1,200,000 1,700,000
Question 1: How much is the Vat payable for the 1st month?
Question 2: How much is the Vat payable for the 2nd month?
Question 3: How much is the Vat payable at the end of the quarter?
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