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Jun 10, 2020 4:21 pm
if I record this as an expense on income statement what expense account should I use and should I add it back when doing corporate tax on schedule 1
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Jun 18, 2020 11:25 pm
Match the additional HST paid to the expenses that it relates to and increase those expenses accordingly. If you are unable to match, then record the HST paid and not recoverable as HST Expense.