Debit is what you owe, Credit is what you pay in. As simple as that. Debit goes out, credit goes in.|||for some reason in accounting system is the reverse of the norm. when we think of credit we see debt but that is not correct. when you charge it is a debit to the account and when you pay it is a credit to the account. you will learn this if you ever take accounting 101|||I found interesting information about your answer Here:
credit cards:
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Good Luck!
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