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    carol1964's Avatar
    carol1964 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 16, 2015, 12:56 PM
    I would like to know if I am post this loan correctly.
    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 20, 2015, 03:10 AM
    It is difficult to understand the circumstances here
    jerileycpa's Avatar
    jerileycpa Posts: 27, Reputation: 2
    Certified Public Accountant
    		  
    #3

    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #4

    Jul 24, 2015, 06:09 AM
    HST is sales tax
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
    Expert
    		  
    #5

    Jul 24, 2015, 06:50 AM
    Quote Originally Posted by paraclete View Post
    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.
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