Will a equipment account be decreased or increased when you debit the account?

1 answer

Answer

1027923

2026-03-13 03:05

+ Follow

When you debit an equipment account, it will be increased. In accounting, debiting an asset account like equipment reflects an addition or acquisition of that asset. Conversely, crediting the account would decrease it. Therefore, debiting results in a higher balance for the equipment account.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.