DISCOVER the Magic of T Accounts - Accounting Basics - Part 3

[@rachelbarrett4791]

The style of your teaching is helping me so much, I feel like other videos (or even my course conductor) didn't explain the purpose in using T accounts and now I totally get it.......Thank you for making these videos so basic for those new to this as I am......the quality and pace is so good. THank YOu Thank you THANK YOU!

[@tysont2380]

Question. for example gst 1A in your general ledger is $200.45 for a quarter. So when you lodge your bas you would put 1A as $200. But what happens to the 45 cents . Could you manual journal it to sales

[@Alikang89]

If there are sales taxes on the $500 that the clients paid, then where the sales taxes should categorize? (P.S. thanks for the videos, they are very helpful!)

[@mark-cunningham]

Sales tax should go into a "Sales Tax Payable" liability account.

[@nklpapa1]

Excellent

[@mark-cunningham]

Thank you so much 😀