An increase to a liability or to an equity account is a credit Assets = Liabilities + Equity. on the other hand a decrease to an asset account is a credit. A decrease to a liability or equity account is a debit.Debits and credits occur at the same time in every financial transaction in double-entry bookkeeping. br br Thanks for Watching br Don't forget to subscribe my channel br ---------------------------------------------------------------------- br br And like and share this video .& br ---------------------------------------------------------------------- br Also like our facebook Page br ... br ---------------------------------------------------------------------- br Also follow us on Twitter br br ---------------------------------------------------------------------- br also follow us on Google Plus Link below:- br ... br ---------------------------------------------------------------------- br Audio Licence br ♩♫ Inspiring Love Music ♪♬ - Warm hands (Copyright Free) br ... Knowledge world Knowledge world br br -~-~~-~~~-~~-~- br Please watch: "YouTube added Limit to display number of Ads Not Suitable for all advertisers ! Request Review" br ...