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    brimestone67's Avatar
    brimestone67 Posts: 1, Reputation: 1
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    #1

    Feb 22, 2010, 09:42 PM
    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
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    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.
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