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View Full Version : Is it true that assets are increase in debits and decrease with credits


brimestone67
Feb 22, 2010, 09:42 PM
Is it true that assets are increase in debits and decrease with credits

pready
Feb 25, 2010, 02:02 PM
An asset has a normal Debit Balance, therefore a Debit to an asset will add to the account balance, while a credit will decrease the account balance.