What is account? What is debit & credit?

Question

Accepted Answer

Account is a record of financial transactions. Debit is an entry on the left side and credit is an entry on the right side of an account.

Account is a systematic record of financial transactions of a business or an individual.
Debit is an entry on the left side of an account which increases assets and decreases liabilities and equity.
Credit is an entry on the right side of an account which decreases assets and increases liabilities and equity.
Debit and credit are used to record transactions in double-entry bookkeeping system.
For example, when a business purchases inventory on credit, the inventory account is debited and the accounts payable account is credited.

What is account? What is debit &amp; credit?