أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Debit to the creditor and credit to the debitor
The difference between debit and credit can be drawn clearly on the following grounds:
debit mins jma and credit mins niklwana
golden rule of accounting mainly 3
real account :debit what comes in credit what gos out
nominal account :debit all expense and losses and credit all income and gains
personal account : debit the receiver credit the giver
Debits are when they give money to you, they debit your account (decrease a liability) and credit their cash balance (decrease an asset) . If at the end of the period, you have a credit balance then they owe money to you, a debit balance means you owe money to them
increase in assets is debit and decrease in assets is credit.