To increase an asset you would?

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Multiple Choice

To increase an asset you would?

Explanation:
Increasing an asset is done by debiting the asset account because assets have normal debit balances. In double-entry accounting, you record increases to assets on the left side (a debit) and decreases on the right side (a credit). For example, buying equipment with cash adds to the Equipment asset, so you debit Equipment and credit Cash. Liabilities and revenue, on the other hand, are increased by credits, not debits, so they don’t fit for increasing assets.

Increasing an asset is done by debiting the asset account because assets have normal debit balances. In double-entry accounting, you record increases to assets on the left side (a debit) and decreases on the right side (a credit). For example, buying equipment with cash adds to the Equipment asset, so you debit Equipment and credit Cash.

Liabilities and revenue, on the other hand, are increased by credits, not debits, so they don’t fit for increasing assets.

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