1. If an asset account is increased with a debit, what is the logic for increasing a liability account with a credit? 2. A friend comes to you with the following plight: ‘‘I’m confused. An asset is...

1. If an asset account is increased with a debit, what is the logic for increasing a liability account with a credit?

2. A friend comes to you with the following plight: ‘‘I’m confused. An asset is something positive, and it is increased with a debit. However, an expense is something negative, and it is also increased with a debit. I don’t get it.’’ How can you ‘‘straighten out’’ your friend?