Hi Long
Yes, the transaction when you pay tax is as follows
Dr Cr
Asset:Bank:Checking 1000
Liability:Tax 1000
to pay the tax and
Liability:Tax 200
Expense:Tax 200
to correct the overestimate of your tax as you indicated. If you had also
createda Asset:ban:Provision for Tax account the payment would have come out
of that rather than the checking account and the excess funds in that
account would be reurned to your main checking account as well.
David
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David Cousens
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Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html
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