difference between debit and credit
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Debit is what you pay and Credit is what somebody else pays for you. A Debit card will charge your bank account directly. A Credit card will charge your bank account some time later. In both cases the shop owner has the money available directly. Hope I helped u.. Plzz mark as the BRAINLIEST answer..
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Key Differences Between Debit and Credit
Debit refers to the left side of the ledger account, while credit refers to the right side of the ledger account.
For personal account – debit the receiver and credit the giver.
For real account – Debit what comes in and Credit what goes out.
For nominal account – Debit is done for all expenses and losses, while Credit is done for all incomes and gains.
Debit refers to the left side of the ledger account, while credit refers to the right side of the ledger account.
For personal account – debit the receiver and credit the giver.
For real account – Debit what comes in and Credit what goes out.
For nominal account – Debit is done for all expenses and losses, while Credit is done for all incomes and gains.
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