An increase in asset account is recorded by a debit entry.

Yes, that's correct. In accounting, an increase in an asset account is indeed recorded by a debit entry. This is based on the double-entry bookkeeping system, where each financial transaction affects at least two accounts. If an asset account increases (through an acquisition of additional assets, for example), a debit entry is made. Conversely, if an asset account decreases (through the sale or disposal of assets, for example), a credit entry is made. This helps to keep the accounting equation (Assets = Liabilities + Equity) in balance.