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
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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
It is difficult to understand the circumstances here
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.
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.Quote:
Originally Posted by paraclete
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