Conversely, a decrease to an asset account is a credit. A decrease to a liability or equity account is a debit. Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping.
Lipids important to the body What are lipids? Cholesterol is a type of lipid (fat). Lipids are substances that do not dissolve in water but are soluble in organic solvents such as chloroform or dry cleaning fluids. Other important types of lipid include triglycerides and fatty acids. Lipids have several important roles in the body, providing: 1  a source and store of energy. 2  an important part of the membrane surrounding every body cell. 3  the basic building blocks from which several hormones (chemical messengers) and bile acids (digestive juices) are made. 4  components of the nervous system.
Lipids are an important part of living cells. Together with carbohydrates and proteins, lipids are the main constituents of plant and animal cells. Cholesterol and triglycerides are lipids. Lipids are easily stored in the body. They serve as a source of fuel and are an important constituent of the structure of cells.Lipids include fatty acids, neutral fats, waxes and steroids (like cortisone).ogether with carbohydrates and proteins, lipids are the main constituents of plant and animal cells. Cholesterol and triglycerides are lipids. Lipids are easily stored in the body. They serve as a source of fuel and are an important constituent of the structure of cells.