GST - How to calculate / manage / track GST.

[Derek Atkins]

Doctorcam <cam at ellisonpsychology.ca> writes:

> I know it looks odd.  The tree is:
>
> Liabilities
> ->GST
>    ->GST Paid
>    ->GST Payable
>
> GST Paid is entered as an Asset, so to speak, therefore with the sign
> reversed.  GST (the parent) thus always shows the net owing.  That was
> his argument, anyway, and he knows more than I do, so who am I, to
> argue with it? 

Ahh, ok -- this make sense.

-derek
-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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