what relationship exict betweenthe position of an account on the balance sheet and the rules for recording increase in that account
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The accounting equation is one of the most fundamental accounting principles that explains the notion behind why a trial balance always balances to $0. The accounting equation shows that the total assets will always equal the sum of liabilities and equity.
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Answer:In the accounting equation Assets = Liabilities + Equity, if an asset account increases (by a debit), then one must also either decrease (credit) ...
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