> From the perspective of the asset-holder Does it matter who holds an asset when determining whether to debit or credit an expense? I would think the question

> From the perspective of the asset-holder Does it matter who holds an asset when determining whether to debit or credit an expense? I would think the question is who is making the expense, not who holds an asset, which may or may not be used to pay the expense. In any case, unless you are talking from multiple perspectives, which would be unnecessarily confusing, expenses and income have opposite signs.