Concept:Assets acquired are recorded by increasing the asset side through a debit entry.
Explanation:When an asset is purchased, the asset account increases.
In accounting, an increase in an asset is recorded as a debit.
Therefore, the asset account must be debited.
If the asset is bought for cash, the cash account decreases.
A decrease in cash is recorded as a credit.
So the cash account is credited.
Answer:A. Asset Account, Crediting Cash Account