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-   -   Is it true that assets are increase in debits and decrease with credits (https://www.askmehelpdesk.com/showthread.php?t=450494)

  • Feb 22, 2010, 09:42 PM
    brimestone67
    Is it true that assets are increase in debits and decrease with credits
    Is it true that assets are increase in debits and decrease with credits
  • Feb 25, 2010, 02:02 PM
    pready

    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.

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