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@@ -1,5 +1,5 @@
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.. |trial_balance| replace:: Total Debits = Total Credits
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.. |accounting_equation| replace:: Assets = Liabilities + Equity
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.. |trial_balance| replace:: :math:: Total Debits = Total Credits
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.. |accounting_equation| replace:: :math:: Assets = Liabilities + Equity
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##################
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Payroll Accounting
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##################
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@@ -15,8 +15,10 @@ Accounting Recap
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|accounting_equation|
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Furthermore, we know that
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Furthermore, we know that:
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.. math:: Equity = Revenue - Expenses
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, which leads us to:
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.. math:: Assets = Liabilities + (Revenues - Expenses)
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