[GNC] Contingency Funds was: Re: How to record Personal income tax ?

Long Phamhoanglongvn at outlook.com
Sun Mar 22 09:47:00 EDT 2020


Hello Adrien Monteleone-2,

I understand what you mean by using liability instead using "Contingency
Fund". But, Should i record the transactions WHEN my Liability:Tax = 1200,
and at the end of the year, i just need to pay tax 1000 ?
I will return that money back to my liability in december ? (Credit
"Expense:Tax" and Debit "Liability:Tax").

Regards.



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