Question

DATE
Is arrangements
assets and liabilities in a
a proper order​

Answer 1

Answer:

AWE LIC (This is the easiest way to remember what (ASSET) and (CREDIT) is.

Explanation:

A - ASSET

W- WITHDRAWAL

E- EXPENSES

(AWE - ASSETS) SIGN (+)

L- LIABILITIES

I- INCOME

C- CAPITAL

(LIC - CREDIT) SIGN (-)

VICE VERSA. I HOPE THIS HELPS YOU.