Accounting

discuss the impact of the following situation. Bob Krabstar owns a small plumbing company. The average customer transaction is $450. Bob offers a 6% discount to cash paying customers, there is no record or invoice for any cash transaction. The 13% HST is not charged or paid to the government. Nor are these cash payments deposited to the company’s account. Bob takes these cash payments home and keeps them in his personal safe. He uses the cash for personal use only. Assume 75 of Bob’s customers pay cash, consider the legality of this situation, how much Bob should be remitting to the government and who is affected by his actions .