Question

what is credit & debit difference,and that's use.​

Answer 1

Answer:

Both can make it easy and convenient to make purchases in stores or online, with one key difference. Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Credit cards allow you to borrow money from the card issuer up to a certain limit in order to purchase items or withdraw cash.

Explanation:

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Answer 2

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debit

• Debits are money going out of the account; they increase the balance of dividends, expenses, assets and losses.

• A debit card is issued by a bank to their customers to access funds without having to write a paper check or make a cash withdrawal.

credit

• Credits are money coming into the account; they increase the balance of gains, income, revenues, liabilities, and shareholder equity.

• A credit card is a debt instrument for financial transactions instead of cash or a check or a debit card.

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