Assertion: expense | /r/HasProperty | debited
Facets:
value: almost always
type: DEGREE
Source sentences:
text: In order to understand why expenses are debited, it is relevant to note the accounting equation, Assets = Liabilities + Equity.
text: Because expense accounts decrease the credit balance of owner’s equity, expenses must be debited.
text: Also keep in mind that expenses are almost always debited.