Business Studies, asked by ruyakolte, 3 days ago

what is credit and what is debite?​

Answers

Answered by GlimmeryEyes
7

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

Hope this helps u Army

Answered by alamshahil819
1

Answer:

Credit is the ability to borrow money or access goods or services with the understanding that you'll pay later. ... To the extent that creditors consider you worthy of their trust, you are said to be creditworthy, or to have "good credit."

debitenoun. A deputy; an official. Etymology: Alteration of depute.

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