Increase in an asset is an entry recorded on the balance sheet of a business when the value of that asset increases. When the value of an asset increases, a debit is made to the Asset account and a credit is made to another account for the corresponding increase in value. For example, if a company purchases new equipment, it would record a debit to the Equipment account and a corresponding credit to the Cash account for the amount paid for the purchase. An increase in an asset is a debiting event as it increases the assets held by the business.