Question: Zena Ltd. purchases goods from a supplier for $ 200,000, plus 12% harmonized sales tax. How should Zena record this purchase?

Zena Ltd. purchases goods from a supplier for $ 200,000, plus 12% harmonized sales tax. How should Zena record this purchase?

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The HST is an input tax credit on purchases and will reduce the amount of HST on sales that ... View full answer

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