Debit is an entry that represents an increase in assets and a decrease in liabilities. Credit is the opposite.

• Debit is used to record an increase in assets or a decrease in liabilities.

• Credit is used ...read more

The difference between debitor and creditor is who purchase the good and services in the business is creditor and who sale the good and services from the business.

There words are mostly used in banks. Debit means when we withdraw our money from machine or another place and credit means when we deposite or someone deposite money in the account..

Debit means something has to pay and Credit means something has to receive.

Debit cards are used to money and it's u deposit in the bank.and credit cards are can u purchase any item and withdrawal cash

Debit is to send money

Credit is to  get money