Question
An Calgary, Alberta based Sport Store selling Taxable Products provides you that the following HST/GST Included Financial information for this month: Retail Store in Toronto.
An Calgary, Alberta based Sport Store selling Taxable Products provides you that the following HST/GST Included Financial information for this month:
| Retail Store in Toronto. Shirts and shorts | $12,000 |
| Sale to Bloomingdales in New York, USA, shirts. | $2,000 |
| Bad debtOntario retail customer sales last month. shirts. | 50% of $1,000 of Revenue including HST/GST sold last month. |
| Owner transfered Home Computer to this company. The company uses computer for 100% Commercial Activity. The computer was purchased in Calgary, Alberta. | $1,130 (Fair Market Value) $2,260 (Original Cost)
****(Amounts Includes HST/GST) |
The GST Input Tax Credit on the Home Computer transfer to the Business is?
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Financial Accounting
Authors: Michelle Hanlon, Robert Magee, Glenn Pfeiffer, Thomas Dyckman
5th Edition
1618531654, 9781618531650
