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Alex B.
2025-06-21 23:39:47 -04:00
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docs/build/html/payroll_accounting.html vendored
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@@ -47,11 +47,12 @@
<h2><span class="section-number">2.1. </span>Journal Entries<a class="headerlink" href="#journal-entries" title="Link to this heading"></a></h2>
<section id="accounting-recap">
<h3><span class="section-number">2.1.1. </span>Accounting Recap<a class="headerlink" href="#accounting-recap" title="Link to this heading"></a></h3>
<p>Total Debits = Total Credits</p>
<p>Assets = Liabilities + Equity</p>
<p>Furthermore, we know that
.. math:: Equity = Revenue - Expenses
, which leads us to:</p>
<p><a href="#id2"><span class="problematic" id="id3">|trial_balance|</span></a></p>
<p><a href="#id4"><span class="problematic" id="id5">|accounting_equation|</span></a></p>
<p>Furthermore, we know that:</p>
<div class="math notranslate nohighlight">
\[Equity = Revenue - Expenses\]</div>
<p>, which leads us to:</p>
<div class="math notranslate nohighlight">
\[Assets = Liabilities + (Revenues - Expenses)\]</div>
<p>Payroll accounting is a critical component of the Canadian Payroll Administration system. It involves the systematic recording, analysis, and reporting of payroll transactions to ensure that all financial aspects of employee compensation are accurately reflected in the organization’s financial statements.