CBSE BOARD XII, asked by LuvVvi, 1 year ago

guys tell me the meaning of Debit and Credit

Answers

Answered by aniket132
1
debit the receiver (cash etc)
credit the giver

hope it's hlp u
Answered by Cooloer
2
HEYA!!!!!!!!


HERE IS THE ANSWER TO YOUR QUESTION.......



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. It is positioned to the right in an accounting entry.

HOPE IT HELPS.....
PLEASE MARK AS BRAINLIEST........
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