Prepaid Expenses Gst

SCARLET RESOURCES LTD.
Prepaid expenses 14,587 14,887 GST receivable 10,955 8,412 Total Current Assets 309,808 363,919 Mineral Properties (Note 4) 96,029 67,792 Deferred Exploration Expenditures (Note 4) 32,450 32,450 TOTAL ASSETS $ 438,287 $ 464,161 ... Visit Document

DR Other Prepaid Expenses (Increase in Asset – Balance Sheet) $120,000 CR Cash at Bank (Decrease in Asset – Balance Sheet) $120,000 (GST exclusive) for software licence and support services for six months in advance on 1 April X2. ... Fetch Document

OPERATING ACTIVITIES To Net Cash Provided By Operations ...
Prepaid expenses-10,294.79 production equipment-1,439.44 Receivable GST 2008 358.82 Receivable GST 2009 1,025.33 Receivable GST 2010-3,143.74 Receivable HST 2010-2,568.98 Signs-1,725.53 store equipment-620.98 trailer-27.00 Accounts Payable-11,567.65 ... Retrieve Document

Fixed Asset - Wikipedia, The Free Encyclopedia
Matching concept is simply matching the expenses of a period against the revenues of the same period. The use of assets in the generation of revenue is usually more than a year- that is long term. ... Read Article

FINANCIAL REVIEW First Quarter Ended March 31, 2010
Prepaid expenses 825 1,749 GST recoverable 360 - 15,298 27,722 MINERAL PROPERTIES [Note 6] 41,903 41,903 $ 57,201 Increase in prepaid expenses 924 12,411 Increase in GST recoverable (360) (181) Increase (decrease) in ... Content Retrieval

EXPENSE REPORT Accounts Payable (Travel) - McMaster University
Deduct University Prepaid Expenses 0 If Negative (-) result Send form and receipts to AP (Travel), DTC-403 or Research Finance Office (if appllicable) Date: GST* Charged . University Pre-paid Expenses. TOTAL EXPENSES INCLUDING PRE-PAID EXPENSES. Original Receipts. and/or. ... Access Document

– prepaid expenses – accrued expenses – depreciation expense. • Each balance day adjustment for expenses increases the expense, thus decreasing Prepaid Insurance 2 400 GST Clearing 2 700 TOTALS 88 940 14 100 26 000 32 500 15 100 1 240 ... Read Document

Balance Sheet - Financial Plan - Writing A Business Plan
Prepaid Insurance Total Current Assets. Fixed Assets Land Buildings Less Depreciation Net Land & Buildings. Equipment Less Depreciation Net Equipment. GST Charged on Sales GST Paid on Purchases GST Owing Total Current Liabilities. Long-Term Liabilities Long-Term Loans Mortgage ... Read Article

Ice Breaker - Cash And Accrual.flv - YouTube
5:59 Watch Later Error Prepaid Expenses - Ch. 3 Video 2 by mattfisher64 14,093 views; 5:38 Watch Later Error Basics of GST 3 Cash vs Accruals by SmallBusinessWorks 723 views; 3:06 Watch Later Error Public Accounting ... View Video

Geoscience BC Exhibit 'A' Interim Balance Sheet As At June 30 ...
Prepaid expenses 3,123 6,730 GST rebate receivable 11,970 10,133 22,565,15122,339,373 Net assets invested in equipment 30,403 32,586 22,597,73722,369,776 Liabilities Current liabilities: Accounts payable & accrued liabilities (note 2) 132,900 ... Access Document

The prepaid expenses measure introduced in the New Business Tax System (Integrity and Other Measures) exclusive of goods and services tax (GST) payable on supplies. If you are a small business taxpayer write N for NO at A item P10 on your schedule. ... Visit Document

No. 66 Fall 2007 Table Of Contents - Canada Revenue Agency ...
• GI-040 Applying the 2008 GST/HST Rate Reduction to Prepaid Funeral and Cemetery Arrangements meal expenses increases for income tax purposes. In respect of food, beverage, and entertainment expenses in all other circumstances that are deductible for income ... Fetch Doc

Claiming Deductions
Information, see Deductions for prepaid expenses 2009 (NAT 4170). ALLOWANCES If you received an allowance that you showed (GST) instalment or pay as you go (PAYG) instalment n expenses for complying with your legal obligations ... Fetch Doc

Profit Determination For Curriculum Council
Prepaid Expenses - Depreciation CONTRA ASSET ACCOUNT Accumulated Depreciation Initial cost Debit EXPENSE ACCOUNT Adjusting entry Credit Adjusting entry Debit cost used up & allocated to current period – GST Collections Cr 1 000 ... Read Full Source

Recording In Accounting
O Prepaid expenses (asset approach, GST recorded at time of payment) o Accrued expenses (GST recorded at time of payment) o Depreciation (straight line method) o Stock Loss or stock gain  Treatment of accrued expenses in subsequent periods ... Fetch Content

BUSINESS EXPENSES AND DEDUCTIONS
Prepaid expenses – instead, part of the deduction may need to be apportioned to each income year of the service period. claim it as a GST credit in your activity statement. MORE INFORMATION See TaxPack (NAT 0976) for information about business ... Fetch Document

Answers To Common Questions About The GST HST - GST Canada
Non-Residents and the GST HST. Q: Do I charge non-residents the GST HST? Q: I'm going to be in Canada speaking at several events. Claiming Business Expenses Without Receipts - Income Tax Canada FAQ; Susan Ward Small Business: Canada Guide. Sign up for My Newsletter; Headlines; ... Read Article

Adjusted Trial Balance & Adjusted Journal Entry: Intro To BDA ...
Balance Day Adjustment:01, Adjusted Trial Balance, Adjusted Journal Entry, Prepayments(Prepaid Expenses) Category: Education. Tags: Salman Khan; Susan Crosson; Accounting for Business; Accounting Principles; 5:49 Watch Later Error GST in Journal 02 by Asif Rahman 16 views; ... View Video

EWSFLASH OOKLET (GST) OODS AND ERVICES AX
On your expenses GST Concessions for Land Developers & Rental Car Costs No GST on Prepaid Phone Card Don’t ask why just comply. For no reasoning that I can gain in the legislation, phone cards are not subject to GST. ... Document Retrieval

Tax Advantages prepaid Tuition - Fort Myers Estate Planning ...
Will be subject to the GST tax, even if made to or for a grandchild or younger descendant, and none of them will have any adverse effect on the calculation of the estate tax. PRE-PAYMENTS FAVORABLY TREATED! Tax Advantages prepaid tuition.indd ... Return Document

Unit 3 Summary
O 6Bank, Stock Control, Debtors Control, Prepaid expenses, GST Clearing , Premises Common Non-current Assets: o Vehicle, Office Equipment, Office Furniture, Fixtures and Fittings Common Current Liabilities: ... Doc Viewer

A Step By Step Approach To Preparing Financial Reports And ...
This journal should be posted to “Prepaid Expenses” to look like this for the 2010 financial year. 145 PREPAID EXPENSES Prepaid Income $1,000 [ex GST] has been paid and recorded in Sales for work not yet done. The business ... Retrieve Document

An Introduction To Balance Day Adjustments
Prepaid advertising/GST outlay $2,200 On balance day we need to adjust the books in order to accurately Prepaid expenses (deferrals) Assets Expenses Expense account DR Asset account CR Assets overstated Expenses understated ... Retrieve Document