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@@ -11,13 +11,15 @@ Journal Entries
Accounting Recap
-----------------
Total of Debits = Total of Credits
|trial_balance|
|accounting_equation|
Equity = Revenue - Expenses
Furthermore, we know that
.. math:: Equity = Revenue - Expenses
, which leads us to:
Assets = Liabilities + (Revenues - Expenses)
.. math:: Assets = Liabilities + (Revenues - Expenses)
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.
Payroll accounting includes the management of employee wages, tax withholdings, benefit deductions, and other payroll-related expenses. The system is designed to automate these processes, ensuring accuracy and compliance with Canadian payroll regulations.

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@@ -12,6 +12,7 @@
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@@ -46,10 +47,13 @@
<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</p>
<p>Total Debits = Total Credits</p>
<p>Assets = Liabilities + Equity</p>
<p>Equity = Revenue - Expenses</p>
<p>Assets = Liabilities + (Revenues - Expenses)</p>
<p>Furthermore, we know that
.. math:: Equity = Revenue - Expenses
, 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 organizations financial statements.
Payroll accounting includes the management of employee wages, tax withholdings, benefit deductions, and other payroll-related expenses. The system is designed to automate these processes, ensuring accuracy and compliance with Canadian payroll regulations.</p>
</section>

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@@ -131,17 +131,18 @@ These entries are essential for maintaining accurate financial records and ensur
\subsection{Accounting Recap}
\label{\detokenize{payroll_accounting:accounting-recap}}
\sphinxAtStartPar
Total of Debits = Total of Credits
Total Debits = Total Credits
\sphinxAtStartPar
Assets = Liabilities + Equity
\sphinxAtStartPar
Equity = Revenue \sphinxhyphen{} Expenses
\sphinxAtStartPar
Assets = Liabilities + (Revenues \sphinxhyphen{} Expenses)
Furthermore, we know that
.. math:: Equity = Revenue \sphinxhyphen{} Expenses
, which leads us to:
\begin{equation*}
\begin{split}Assets = Liabilities + (Revenues - Expenses)\end{split}
\end{equation*}
\sphinxAtStartPar
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 organizations financial statements.
Payroll accounting includes the management of employee wages, tax withholdings, benefit deductions, and other payroll\sphinxhyphen{}related expenses. The system is designed to automate these processes, ensuring accuracy and compliance with Canadian payroll regulations.