AccountingWhat are debit and credit please tell me with examples.

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

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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.