Assets and debits are an important part of financial accounting. Assets are resources that have value, such as cash, investments, goods, or services. Debit is an accounting term for a decrease in an account balance, indicating that an amount has been received or paid out. Assets can be credited or debited depending on their source – assets created from payments to suppliers would be credited, while payments to customers would be debited. In the end, assets and credits and debits are all part of the same system of keeping track of money: they’re tools used to measure profits and losses, record business transactions, and keep your accounts balanced. Knowing your way around these concepts is essential for anyone looking to get ahead in the world of business!