Question

what relationship exist between the position off an account on the balance sheet and rules for recording increase in the account

Answer 1

ANSWER

What relationship exists between the position of an account in the balance sheet equation and the rules for recording increases in that account? Assets are located on the left side of the balance sheet equation; an increase in an asset account is recorded by an entry on the left (or debit) side of the account.

Answer 2

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• The relationship exist between the position off an account on the balance sheet and rules for recording increase in the account is given in above attachment please refer it .

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