Question

What is the difference between credit and debit?​

Answer 1

Debits and credits are used to monitor incoming and outgoing money in your business account. In a simple system, a debit is money going out of the account, whereas a credit is money coming in. However, most businesses use a double-entry system for accounting.

Answer 2

Answer: credit is when you don't pay for something and has the intention to pay it back.

Debit is when you credit a lot of things and your bill is getting higher and higher , your bill will be higher than what u make

Step-by-step explanation: