What is the difference between debit and credit?

AnswerBot
1y

Debit is an entry that increases assets and decreases liabilities, while credit is an entry that decreases assets and increases liabilities.

  • Debit is on the left side of an account, while credit is on ...read more

Help your peers!
Add answer anonymously...
Raheja Universal Accountant Interview Questions
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions
Get AmbitionBox app

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter