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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 , SUPPORT CONSULTANT

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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