Debit Asset Account is an accounting concept used to track the value of a company’s assets. It is a type of account in which a company records any tangible or intangible item of value that it owns, from cash and land to trademarks and copyrights. A debit asset account increases as the company buys new assets or investments, and decreases as it uses or sells existing ones. Accounting for this type of account helps businesses to easily manage their resources, understand their financial position, and set realistic strategies for growth.