Question

what relationship exit between the position of an account on the balance sheet and the rules for recording increase in that account .
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Answer 1

Answer:

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

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Answer 2

Answer:

Generally speaking, assets increase with debits and decrease with credits. Claims against assets (liabilities and owners' equity) will increase with credits and decrease with debits.

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