Debit And Credit | Explanation

𝐃𝐞𝐛𝐢𝐭 𝐀𝐧𝐝 𝐂𝐫𝐞𝐝𝐢𝐭

When we use debit and credit for our business transactions, we record them in two accounts. There is the debit column on the left hand and the credit column is on the right side. An item recorded on the debit side of an account is said to be debited to the account. An item recorded on the credit side of an account is said to be credited to the account. Debit and credit are simply an addition to or subtractions from an account.

𝐃𝐞𝐛𝐢𝐭

The debit is an aspect which is used for accounting transactions. There are references to the left side. It is work receiving or incoming. Debit an account means to enter an amount on the left side account.

𝐂𝐫𝐞𝐝𝐢𝐭

Credit is another aspect of which is used for accounting transactions. There are references to the right side. It is work-giving or outgoing. Credit an account means to enter an amount on the right side account.

𝐈𝐧 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐀𝐛𝐛𝐫𝐞𝐯𝐢𝐚𝐭𝐞𝐝 𝐢𝐬:

Debit and credit are an integral part of accounting. All accounting is dependent on the debit and credit aspects. Somebody is confused about Dr. and Cr. This is an abbreviation for debit and credit.
Cr. stand of credit.
         Both debit and credit may represent either an increase or decrease in the nature of an account. Debit and credit accounts are based on a double-entry system of accounting.

Dr. stand of debit and

𝐑𝐮𝐥𝐞𝐬 𝐨𝐟 𝐃𝐞𝐛𝐢𝐭 𝐀𝐧𝐝 𝐂𝐫𝐞𝐝𝐢𝐭 𝐈𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠:

𝐑𝐮𝐥𝐞𝐬 𝐅𝐨𝐫 𝐃𝐞𝐛𝐢𝐭 𝐀𝐧𝐝 𝐂𝐫𝐞𝐝𝐢𝐭
Types of Account	Accounts to be Debited	Accounts to be Credited
1. Assets A/C	Increase	Decrease
2. Liabilities A/C	Decrease	Increase
3. Capital A/C	Decrease	Increase
4. Revenue A/C	Decrease	Increase
5. Expenses A/C	Increase	Decrease

  Assets, Expenses, and Losses accounts normally have debit balance; Liability, Income and capital accounts have a credit balance. And the all rules of debit and credit are depended on the nature of an account.