The Definition of Debit and Credit

 Debit And Credit Definition

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Let's look at the definition of debit and credit from an accounting perspective.

Debit is an accounting transaction on the debit side of accounts, which generally causes the following,

1. Increase in value of an assets
2. Reduce the value of a liabilities
3. Increase in expenses.
4. Decrease in income.
5. Decrease in capital.

Credit, in contrast, is an accounting transaction on the credit side of accounts, which generally will cause,

1. Increase in value of liabilities.
2. Reduce the value of an asset.
3. Increase in income.
4. Decrease in expenses.
5. Increase in capital.

Remember the following rules in an accounting entry. 

Number 1, debit and credit will happen simultaneously in every accounting transaction.

Number 2, the total of debits and credits must be the same.

Below is a sample of a journal entry;

Hopefully, this simple explanation helps.

Thanks.!!✌💗 All the best.