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dsirvine1's avatar
dsirvine1
Experienced Cover User
1 year ago

Journal entry HELP!!!

I am needing to enter a journal entry for the purchase of some new equipment, and while I usually have no problems with these kinds of entries but this one has stumped me. So I'm begging please help!...
DuncanS's avatar
DuncanS
Ultimate Partner
10 months ago

dsirvine1

 

Sale of Equipment by a GST Registered Entity requires 1/11 of the Sale Price to be GST Collected.

A Tax Invoice is given to the Buyer.

 

Has your Tax Accountant been able to assist?

 

Duncan

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