Debits increase asset and expense accounts is an accounting transaction that involves transferring funds from one account to another. It’s the opposite of credit, which indicates a decrease in accounts. The debiting of an asset or expense account increases its total value, while crediting it reduces its value. By debiting an account, you are essentially increasing its balance and committing more money to it. Similarly, by crediting an account, you are reducing its balance and taking away money from it. This concept is essential to understanding how double-entry bookkeeping works and ensures accuracy in financial record-keeping.