[GNC] How to accurately record Use Tax

[David Cousens]

Brandon,

What you are doing is basically OK but instead fo using an Accounts Payable
type account for Future
Expense(A/P):MI Use Tax it would be better to have that account of type
Equity as an Accounts Payable type account is a specialized account of type
Liability and incurring the liability to pay the tax is a decrese in your
Equity

David Cousens



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David Cousens
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