AccountingWhat are debit and credit please tell me with examples.

Expert Answers
besure77 eNotes educator| Certified Educator

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.