In accounting, debit and credit are so important terms.

Record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

Debit = “Left”
Credit = “Right”

The rules for debit and credits are given in pictorial form.

Double-entry system
Each transaction must affect two or more accounts to keep the basic accounting equation in balance.

Recording done by debiting at least one account and crediting another.
DEBITS must equal CREDITS.

If Debit amounts are greater than Credit amounts, the account will have a debit balance.

Page like, post share and comment will encourage us.