Debit and credit are the two sides of an accounting transaction.

• Debit is an entry on the left side of an account, representing an increase in assets or a decrease in liabilities or equity.

• Credit is an...read more

Debit: Left side of accounting entries, used for assets and expenses. It increases them. Credit: Right side of accounting entries, used for liabilities, equity, and revenue. It increases them. Helpful

Debit: Left side of accounting entries, used for assets and expenses. It increases them. Credit: Right side of accounting entries, used for liabilities, equity, and revenue. It increases them.

Debit is what's comes in & credit what's goes out. That is a golden rule of accounting