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Alex B.
2025-07-18 22:14:29 -04:00
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docs/source/payroll_accounting.rst
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@@ -39,5 +39,10 @@ Journal entries are a key part of payroll accounting, as they document the finan
These entries are essential for maintaining accurate financial records and ensuring that the organization's financial statements reflect the true cost of employee compensation. The Canadian Payroll Administration system automates the generation of these journal entries, reducing the risk of errors and ensuring compliance with accounting standards.
DR Payroll Expenses $10,500.00
CR Payroll Payable ($10,500.00)
CR Payroll Payable ($10,500.00)
| DR/CR | Account | Amount |
| :---: | :-----: | :----: |
| DR | Payroll Expenses | $10,500.00 |
| CR | Payroll Payable | $10,500.00 |