Simply Accounting phần 10 pot

Clearing the Tax Accounts

21–6 Simply Accounting

Amc21.doc, printed on 12/05/97, at 12:06 PM. Last saved on 12/05/97 9:53 AM.

Confidential ACCPAC International

Similarly, when you remit PST to the government, the journal

entry to record the remittance might appear as follows:

Debit Credit

2140 PST Payable 90.00

4060 PST Commission 2.70

1100 Cash 87.30

The PST Commission amount should be included only if your

province allows you to retain part of the provincial sales tax you

collect as commission.