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Hi Guys
This post is really targeted at all the accounting and bookkeeping facilitators and assessors out there.
As part of the various courses we offer that are assessed and trained by accreditted providers with whom we have a MOU, they assess and train in a basic bookkeeping course which is assessed per unit standard.
When I actually looked at what has been taught I noticed that they are teaching the students to treat a wages transaction in the accounting equation as a liability and not an expense (please note that we are not talking of year end adjustments here)
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