Assertion: general ledger's account | /r/HasProperty | asset accounts
Facets:
Source sentences:
text: For example, an "Accounts receivable" account and an "Allowance for doubtful accounts" account are both asset accounts.
text: For example, an "Accounts receivable" account and an "Allowance for doubtful accounts" account are both asset accounts.
text: You have to debit one of the accounts with a cash increase and credit the corresponding account with a decrease, despite both accounts being asset accounts.