Basic accounting and general bookkeeping is a part of any general business course. In these courses it is certain that you will learn about assets and liabilities. Assets are anything which adds to the worth of something, counted as an addition, a positive or a plus. Liabilities are anything which takes away from something's worth, counted as a subtraction, a negative or a minus. In short, an
. asset is a credit and a liability is a debit. Within the broader categories of assets and liabilities there are also subcategories as well. You can find more information here: http://www.businesstown.com/accounting/basic-terms.asp
