What is the correct impact on the books

Assignment Help Other Subject

Reference no: EM133920126

Problem

A vendor invoice of $2,000 was entered with HST 13% instead of GST 5%. The invoice has already been posted. Get the instant assignment help. What is the correct impact on the books?

Reference no: EM133920126

Questions Cloud

What is the percentage of the product of the product of car : Following the negotiations of the rule of origin of the T-MEC, what is the percentage of the product of the product of a car so that it is free of tariffs?

Define accumulated other comprehensive income : Base on walmarts statement. Define Accumulated Other Comprehensive Income (OCI). What types of transactions typically affect OCI?

What is her net tax due or refund for this year : Clarissa's gross tax liability for 2023 is $1,300. She has a $1,500 nonrefundable personal tax credit. What is her net tax due or refund for this year?

How much of that she received this year is included : Sixteen years ago, Ms. Herbert purchased an annuity for $96,000. How much of the $16,000 that she received this year is included in taxable income?

What is the correct impact on the books : A vendor invoice of $2,000 was entered with HST 13% instead of GST 5%. The invoice has already been posted. What is the correct impact on the books?

What is net effect of his gambling on mr soos taxable income : Over the course of the year, Mr. Soo won $8200 and lost $5,900 gambling in the local casino. What is the net effect of his gambling on Mr. Soo's taxable income?

Advise john on whether these expenses are deductible : Advise John on whether these expenses are deductible for income tax purposes in the 2025 tax year. Clearly outline the identified tax issues.

What is potential liability of cody and willy respectively : Cordy made a capital contribution of $25,000 and became a general partner. What is the potential liability of Cody and Willy, respectively?

What is the alternative to globalization : What is the alternative to globalization? What costs are associated with, for example, trying to protect domestic jobs from being exported?

User Account

All Pages