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Alex B.
2025-06-21 23:31:40 -04:00
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docs/build/html/payroll_accounting.html vendored
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@@ -46,8 +46,8 @@
<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 of Debits = Total of Credits
Assets = Liabilities + Equity</p>
<p>Total of Debits = Total of Credits</p>
<p>Assets = Liabilities + Equity</p>
<p>Equity = Revenue - Expenses</p>
<p>Assets = Liabilities + (Revenues - Expenses)</p>
<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.