If an asset account is increased with a debit, what is the logic for increasing a liability

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If an asset account is increased with a debit, what is the logic for increasing a liability account with a credit?

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Question Posted: Jan 12, 2012 02:25 AM

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If an asset account is increased with a debit, what is the logic for increasing a liability

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Assets and liabilities appear on different sides of the accounting equation and are therefore op...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

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