About credit and debit.?

Credit is usually referring to a credit card. A credit card is a card in which you have a certain limit (i.e. $500) and you cannot exceed that limit, and have to pay a payment towards your outstanding balance each billing period, which is usually a month. Credit can also just be a way that you run your debit card.

A debit comes straight from your checking account with a bank. If you have $400 in your checking account, you essentially have $400 on your debit card to spend.

Credit-to recieve

Debit-to give

for example A is giving money to B

So Bwil b reciever(CREDIT his a/c)

And A will be the Giver(Debit his a/c)

a/c= Account

Credit means granting of a loan and the creation of debt. On the other hand debit is the results to increase in assets or a either decrease in liabilities based on my experience. To know more try to visit Simple Credit Online.