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Why asset accounts are called "debit" where as they accrue money?

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In accounting the asset accounts are debited and the liability accounts are credited where as the money goes into asset (credits it) and comes out of the liability (debited)

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  1. the assets are owned by the shareholders therefore they are debits in the balance sheet. As the balance sheet must balance there must be an opposite amount to the assets and this would be shareholders funds

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