In accordance with the debit and credit rules, which of the following is true?

A) Debits increase assets.
B) Credits increase assets.
C) Debits increase both assets and capital.
D) Credits increase both assets and liabilities.

Debits

In accounting, entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

Assets

Assets are possessions or properties held by a company, anticipated to yield economic advantages in the future.

Credits

An accounting entry that increases liabilities and equity or decreases an asset or expense account in double-entry bookkeeping.