by Angela
(Ottawa, Ontario)
According to your topic "Recording GST/HST Using Manual Accounting Systems", the information provided is super, except for the last paragraph which leaves me puzzled.
It says if I receive a refund from CRA, I would DR Cash (good) and CR GST/HST Payable (??).
If I have a CR account in the GST/HST Payable account, then I owe CRA GST. If I repost a CR to this account, then it seems as though I still owe that money. Wouldn't a refund go in, maybe, a Rebate account, rather than the Payable account? or am I missing something?
Comments for Manual Bookkeeping Entry for GST/HST Refund
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