Difference between debit or credit?
Answer (1)
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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