AccountingWhat are debit and credit please tell me with examples.

1 Answer | Add Yours

besure77's profile pic

besure77 | Middle School Teacher | (Level 1) Senior Educator

Posted on

Debit and credit are really just different ways that transactions are processed. For example, when you use your debit card you are asked to enter a pin number. The funds are automatically removed from your account. When you use this card as a credit instead, you are asked to sign your name. The funds may or may not be removed immediately.

We’ve answered 318,995 questions. We can answer yours, too.

Ask a question