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accounting questions canada
Hi;
I need to record the following: Company collecting rent of a property on behalf of Owner, depositing in their bank account and charging owner a management fee for Property Maintenance. e.g. Monthly rent $1875.00 Total Property management fee for the month $1450.00 Plus HST = 1638.50 They write a cheque to Property Owner for the difference. e.g. $1875.00 - $1638.50 = $236.50. How do I record this transaction. Need help. Thank you. |
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