Debit and credit meaning: Learn what is debit and credit

Learn what is debit and credit in accounting, how to record transactions, and the golden rules of debit and credit. See practical examples of debit and credit entries for different accounts and journal entries. Learn what debits and credits are, how they are used in accounting transactions, and how they affect different types of accounts. See examples of debits and credits in common business scenarios and the rules for recording them. Learn about the difference between debits and credits and their rules in accounting with examples and how they balance each other in double-entry bookkeeping Let's understand Debit vs Credit in Accounting, their meaning, key differences in simple and easy steps using practical illustrations.