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Difference between debit or credit?


Xocckx 14th Sep, 2020
Answer (1)
NAVYA BOINPALLY Student Expert 14th Sep, 2020

Hi aryan bhandari,

debit and credit acts differently according to situations let me give an example so you can clearly understand the difference between them

for example :- consider a ATM machine there debit and credits are used to monitor incoming and outgoing money in your account , in simple way the money going out of the account is debit and the money coming into the account is credit

Hope this information is helpful

ALL THE BEST

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