Beginner questions

tJ3l33s po.box.7044 at gmx.com
Sun Jan 9 21:35:16 EST 2011


Bert,
Are you remitting HST to CRA using the Quick Method of Accounting?  If so,
the difference between HST collected and HST remitted becomes income, so
you'll need to journal the amount to an "Other" income account.
--
Peter
-- 
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