Question

define debit and credit?pls help

Answer 1

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.

Answer 2

Debit - When a consumer uses a debit card, the money comes directly from his checking account. 
Credit - When he uses a credit card, the purchase is charged to a line of credit for which he is billed later.