• Brainly User
Debit is what you pay and Credit is what somebody else pays for you. A Debit card will charge your bank account directly. A Credit card will charge your bank account some time later. In both cases the shop owner has the money available directly. Hope I helped u.. Plzz mark as the BRAINLIEST answer..
1 5 1
Key Differences Between Debit and Credit
Debit refers to the left side of the ledger account, while credit refers to the right side of the ledger account.
For personal account – debit the receiver and credit the giver.
For real account – Debit what comes in and Credit what goes out.
For nominal account – Debit is done for all expenses and losses, while Credit is done for all incomes and gains.