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.
A: Lipids, often referred to as fats, are one of the four macromolecules required by all living organisms. The Elmhurst College Virtual Chembook states that the primary function of lipids is to store energy for later use.