Some businesses use only one account to keep track of the amount of goods and services tax (GST) and/or Harmonized Sales Tax (HST) owed or owing.

Name: Some businesses use only one account to keep track of the amount of goods and services tax (GST) and/or Harmonized Sales Tax (HST) owed or owing.
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

It is common for businesses to use one account to keep track of the GST and/or HST owed or owing. This helps simplify accounting and tax filing processes.

Some Businesses Use Only One Account to Keep Track of the Amount