Question

meaning of debit and credit in simple way ?​

Answer 1

Answer:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account.  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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Explanation:

Answer 2

Answer:

Debit is what comes into buisness

Credit is what goes out of buisness