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What will usually cause an asset account to increase?

a. Debit b. Credit

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Question added by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline
Date Posted: 2014/04/10
Ayman ziad Mohammad Abukhadra
by Ayman ziad Mohammad Abukhadra , Finance Direcor , Cheil worldwide Inc.

A

MALIIK SOHAIL ABBAS
by MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

option A

Umer Aziz
by Umer Aziz , Senior Accountant , TERNA Bahrain Holding - GEK Group (www.terna.gr)

 it is always Debit

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Debit

Muhammed Nisar
by Muhammed Nisar , Assistant Manager - Finance and Accounts , YouGotaGift

Debit is the right Answer

Anayatullah Tahir
by Anayatullah Tahir , Finance Manager , Etqan Projects

Option A Debit

Shafiulla Mohammad
by Shafiulla Mohammad , Customer Service Adviser , University of Bedfordshire

The answer is option A. the assets acoount have a debit balance and debiting the account will increase the assets.

Ali Hammad Naeem
by Ali Hammad Naeem , Chief Executive Officer , Concern Worldwide Media Clicks (Pvt.) Limited Chattha Group of Travels

Debit (always means COMES IN)

Credit (always mean GOES OUT)

 

So DEBIT It is!

Mohammad Sultan Mahmud
by Mohammad Sultan Mahmud , Accounts Manager , Abrar Plastic Industries Ltd

Increase Assets=Debit Balance

Mujtaba Hussain
by Mujtaba Hussain , Accounts officer , Miraj Entertaiments

Debit will usually cause an asset account to increase

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