An increase in any asset account is always recorded on the left side. Therefore, since the totals

Question:

An increase in any asset account is always recorded on the left side. Therefore, since the totals of left-side and right-side amounts must equal each other, a decrease in any asset must always be recorded on the

[left / right] side.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

Question Posted: