Question: As the equation Assets 5 Liabilities 1 Equity indicates, the rules for equity accounts are the same as those for liability accounts, that is: Equity

As the equation Assets 5 Liabilities 1 Equity indicates, the rules for equity accounts are the same as those for liability accounts, that is:

Equity accounts increase on the [left / right] side.

Equity accounts decrease on the [left / right] side.

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