k $1-$ Understanding the Accounting Equation

re are only $3$ main groupings $($gangs$)$ of accounts $-q,,q,,$ and $q,.$

Asset is anything that we $($own$/$owe$)$ that has a $($future$/$past$)$ value.

Liability is anything that we $($own$/$owe$)$ that has a $($future$/$past$)$ obligation.

Equity is anything that occurs in the $($future$/$past$).$

he Accounting Equation, which is a fundamental principle of accounting, states:

ssets $=+q,$

This means, if an Asset increases $$100,$ then only one of three things can happen:

Another Asset would $($increase$/$decrease$))=(0+0$;

A Liability would $($increase$/$decrease$))=(100+0$;

An Equity would $($increase$/$decrease$))=(0+100.$

Of course there can be a combination of accounts $($Assets $-100$; Liabilities $-74$; Equities $+25)...$ as long as the relationship of Assets $=$ Liabilities $+$ Equities is not broken.

Expected Question:

$\backslash$table$[[$Assets$,$Liabilities,Equities$],[-100,?,0],[?,0,-300],[-500,-100,?$