Paid salary Rs.500and salary outstanding being Rs.100ACCOUNTING EQUATION with reason
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Paid salary-
1) Decrease in cash (because it is paid incash)
2) Decrease in capital (because it is an
expense)
Salary outstanding--
1) Increase in liability (because it is due but not paid)
2) Decrease in capital (because it is an expense as loss)
1) Decrease in cash (because it is paid incash)
2) Decrease in capital (because it is an
expense)
Salary outstanding--
1) Increase in liability (because it is due but not paid)
2) Decrease in capital (because it is an expense as loss)
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