Asset Debit or Credit is a business term used to describe the increase or decrease of an asset, such as cash or inventory. When an asset increases in value, it is known as a debit; when an asset decreases in value, it is known as a credit. This concept is often used in accounting and financial reporting to ensure that changes in value are accurately accounted for and tracked. Asset Debit or Credit can also be used to measure the performance of a company’s assets over time. By keeping track of debits and credits, businesses can identify trends and make informed decisions about their finances.