As long as an increase and decrease of the same amount are recorded on one side of the accounting equation,the accounting equation remains in balance.

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Quizplus · Accepted Answer

This statement is true. According to the fundamental accounting equation, assets = liabilities + equity. Any increase or decrease in one side of the equation must be matched by an equal increase or decrease in the other side of the equation to keep it in balance.

As Long as an Increase and Decrease of the Same