Question

To record a purchase of an asset, why Asset Account is debited ?

❌NO COPIED ANSWERS❌

Answer 1

$\huge\blue{Answer}$

Purchase of an asset means increase in asset and an increase in asset is debited.

HOPE IT HELPS U !!

Answer 2

Answer

Purchase of an asset means increase in asset and an increase in asset is debited.

$\sf{I\: Hope\: It\: Is\: Helpful\: For\: you!} \\ \\ </p><p></p><p>\huge\mathfrak\red{thank\:u}$