One way to remember the above rules is to visualize the two sides of the balance sheet.
Question:
One way to remember the above rules is to visualize the two sides of the balance sheet.
Asset accounts are on the left side of the balance sheet, and they increase on the [left / right] side.
Liability and equity accounts are on the right side of the balance sheet, and they increase on the [left / right] side.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: