LGST 112 Lecture Notes - Lecture 5: Canada Revenue Agency, X 2000, Bell State
Document Summary
When you write your exams you will be allowed to bring a copy of the following formulas as long. As you have not written anything on these pages: formulas -- the following are general rules to be applied during your exams. Do not rely on them when dealing with an actual transaction. Also, please note that i am assuming that it is not a leap year: adding up the purchaser"s statement of adjustments number to the right. Deduct all the credits and this number is the balance due from the purchaser. Note: the balance due from the purchaser goes in the in in the in/out. : add up all the debits and enter at the bottom. Don"t forget to move the: adding up the vendor"s statement of adjustments deduct all the debits and this number is the balance due to the vendor. Note: the balance due to the vendor goes in the out of the in/out.