To increase the balance of an asset account, you would?

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Prepare for the YouScience Accounting 1 Test. Enhance your skills with interactive flashcards, multiple choice questions, and detailed explanations. Get exam-ready efficiently!

Multiple Choice

To increase the balance of an asset account, you would?

Explanation:
Assets have a normal debit balance, so to raise the amount in an asset account you record a debit to that asset. Debiting increases the asset, such as when you receive cash or add supplies—the asset grows and the corresponding credit goes to the source of the funds or value. Credits, on the other hand, would reduce asset balances, not increase them, and simply saying to “increase” or “decrease” the balance doesn’t describe the recording action.

Assets have a normal debit balance, so to raise the amount in an asset account you record a debit to that asset. Debiting increases the asset, such as when you receive cash or add supplies—the asset grows and the corresponding credit goes to the source of the funds or value. Credits, on the other hand, would reduce asset balances, not increase them, and simply saying to “increase” or “decrease” the balance doesn’t describe the recording action.

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