If assets are valuable resources and asset accounts have debit balances, why do expense accounts also have

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If assets are valuable resources and asset accounts have debit balances, why do expense accounts also have debit balances?

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 05:46 AM

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If assets are valuable resources and asset accounts have debit balances, why do expense accounts also have

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Managerial Accounting

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