Question

Paid salaries 4000 but 1000 still remains unpaid.Pls tell what is the accounting equation here?​

Answer 1

Answer:

salaries is our expense so 4000 will be deducted from cash (asset) as well as from capital. 1000 is still to be paid so it will become our liability. also 1000 will be deducted from capital. hope it helped.