Anne's True Accounts Blog
Checking the Superannuation Payable account
A little terminology first...
A Balance Sheet (also known as Statement of Financial Position), comprises Assets (what you own), less Liabilities (what you owe) to give a Net Assets figure. The Net Assets represent Owners Equity, or what's left over for the owners...
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Anne Plummer
anne@trueaccounts.com.au
0415 533 195