> Rules: Left side of equation: Increase in an asset: debit. Decrease in an asse... | Hacker News

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everlost on July 28, 2020 | parent | context | favorite | on: Double Entry Accounting for Developers

> Rules: Left side of equation: Increase in an asset: debit. Decrease in an asset: credit.

This is the non-intuitive part for me. Everything else seems logical. Why would you debit an asset when it increases?

wrycoder on July 28, 2020 [–]

Because an asset account carries a debit balance.

Debts aren’t good or bad.

Just remember: “debits come in, credits go out”.

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