Question

different between debit and credit

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

Hey buddy ✌✌.

_____________^^_____^^.
✔ Debits>>>.
a debit is an entry in ur account that increase what u own .
☆ it is easy to ontain.

☆ if u have a debit card then u dont have to Carry cash.

✔credit>>.
☆ it refers to an agreement in which the lenders applies his borrowers with money goods and survices in return for the promise of future payment .

☆ if u have a credit then u do not need to Carry a lot of money.
Dear:) hope its helps ⛄☃️