Accountancy, asked by king106, 1 year ago

what is te difference between debit and credit

Answers

Answered by madhawi
1
Hi
Your answer is
Debit is an accounting entry that either increases an assets or expense account or decrease s a liability or equity account .it is positioned at left in an accounting entry..
Credit is an accounting entry that either increaseing liability or equity account or decrease an assets or expense account..
Hope it helpful.
Answered by Anonymous
1
we use debit card when they give us money, they debit our account.
we use credit card where the money comes from when a customers make a purchase.
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