Previous work has established that RNNs with an unbounded activation function have the capacity to count exactly. However, it has also been shown that RNNs are challenging to train effectively and generally do not learn exact counting behaviour. In this paper, we focus on this problem by studying the simplest possible RNN, a linear single-cell network. We conduct a theoretical analysis of linear RNNs and identify conditions for the models to exhibit exact counting behaviour. We provide a formal proof that these conditions are necessary and sufficient. We also conduct an empirical analysis using tasks involving a Dyck-1-like Balanced Bracket language under two different settings. We observe that linear RNNs generally do not meet the necessary and sufficient conditions for counting behaviour when trained with the standard approach. We investigate how varying the length of training sequences and utilising different target classes impacts model behaviour during training and the ability of linear RNN models to effectively approximate the indicator conditions.