Question

Owing on asset account

Answer 1

Answer:

Owning a little assets account is a great but bind it with any of the ISP account.

#BAL

Answer 2

Answer:

Assets and expenses have natural debit balances. This means positive values for assets and expenses are debited and negative balances are credited. ... In effect, a debit increases an expense account in the income statement, and a credit decreases it. Liabilities, revenues, and equity accounts have natural credit balances.