wealth statement

Joined
Apr 27, 2013
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Hello!

I have a confusion weather the salary income of salaried individual is mentioned in wealth statement or not?
 
Joined
Aug 7, 2011
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No. If your owner is also drawing a salary, it is listed in the operating expenses along with everyone else under Salaries and Wages. The only time the owners equity is effected is when the owner donates (Cr) or withdraws (Dr) assets.
 

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