Question

what relationship exict betweenthe position of an account on the balance sheet and the rules for recording increase in that account

Answer 1

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.

Answer 2

Answer:

Answer:In the accounting equation Assets = Liabilities + Equity, if an asset account increases (by a debit), then one must also either decrease (credit) ...