Question

Hey what's is 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.

Credit is a borrowed money which is used to purchase goods.

Answer 2

Q. ➡️Hey what's is debit and credit

ANSWER ⏬⏬

➡️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.

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