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Is assets debit or credit

2 Answers

2 votes

Answer:

debit

Explanation:

User Arrowcatch
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2 votes

Answer:

Debit

Explanation:

Assets and expenses have natural debit balances. This means positive values for assets and expenses are debited and negative balances are credited. For example, upon the receipt of $1,000 cash, a journal entry would include a debit of $1,000 to the cash account in the balance sheet, because cash is increasing.

User Oba
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