Accountancy, asked by shethdarshan744, 11 months ago

debit and credit meaning in Account language ​

Answers

Answered by karan200473
2

Answer:

debit means to withdraw amd credit means loan

Answered by chroventer
2

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry. A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Similar questions