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View Full Version : I would like to know if I am post this loan correctly.


carol1964
Jul 16, 2015, 12:56 PM
Account Number
Account Description
Debits
Credits








1060
Chequing Bank Account
50,850.00
-


2315
HST Paid On Purchases
5,850.00
-



truck refinanicing




2755
East metro auto leasing
-
56,700.00

paraclete
Jul 20, 2015, 03:10 AM
It is difficult to understand the circumstances here

jerileycpa
Jul 21, 2015, 08:17 PM
Are you trying to record cash received from refinancing/getting a loan? What type of account is "HST paid on purchases?" Please provide more information.

paraclete
Jul 24, 2015, 06:09 AM
HST is sales tax

tickle
Jul 24, 2015, 06:50 AM
HST is sales tax

Harmonizing Sales Tax is a combination of all taxes varying from Province to Province, Ontario east to the Maritime Provinces. 15 per in Ontario.