![]() Source: Difference between Debit and Credit Conversely, if the debt, accumulation, and equity account is in a debit position, this account has increased the value. If the asset or expense is in the credit position, there is a reduction in the account. In contrast to debit, credit is an accounting entry that increases liability or equity accounts, lower asset or expense accounts. The addition of assets can be from the addition of money, equipment, equipment to intangible assets such as rent and receivables. A debit is an accounting entry that adds an asset or expense account, reducing liability or equity.
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