10 Nov 1. If an asset account is increased with a debit,
1. If an asset account is increased with a debit, what is the logic for increasing a liability account with a credit?2. A friend comes to you with the following plight: I’m confused. An asset is something positive, and it is increased with a debit. However, an expense is something negative, and it is also increased with a debit. I don’t get it. How can you straighten out your friend?
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