Question

Difference between credit and debit in accounting

Answer 1

heya frnd
here is ur answer

difference between credit and debit in accountancy.

Debits are when they give money to you, they debit your account (decrease a liability) and credit their cash balance (decrease an asset) . If at the end of the period, you have acredit balance then they owe money to you, a debit balance means you owe money to them."

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Answer 2

CREDIT means which we 5lwill take the money back
DEBIT means which we put the money

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