Accountancy, asked by Shahzad152152, 30 days ago

What relationship exists between the position of an account
in the balance sheet equation and the rules for recording
increases in that account?

Answers

Answered by singhmahima262

Explanation:

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.

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