Question

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

Answer 1

Explanation:

What relationship exist between the position of an account on the balance sheet

and the rules for recording increase in that account

Answer 2

Answer:

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.

Explanation:

The accounting equation ensures that the balance sheet stays balanced. That is to say, each entry made on the debit side has a corresponding (or compound) input on the credit side. The accounting equation is also called the basic accounting equation or balance sheet equation.