Question

What relationship between the
position of
an account on the
balance sheet & the rule for
recoding increase in the account
​

Answer 1

Explanation:

Assets, which are on the left of the equal sign, increase on the left side or DEBIT side. Liabilities and stockholders' equity, to the right of the equal sign, increase on the right or CREDIT side.

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Recording Changes in Balance Sheet Accounts.

Assets Liabilities & Equity

CREDIT decreases DEBIT decreases

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