I would like to know what account will be for a penalty for GST filling late. I can create an account named Penalty, but I don't think it was deductible like other expenses. If it is the case, how to deal with it at year-end. Would you please don't just tell me that your account will take care of it. I just want to learn it.
Thank you very much!
In reply to smithco:
OK, thank you very much,Madame Smithco!
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