*Rachel*
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debit purchases pay before credit purchases when you use your debit card. |
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*sandylovesall*
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Credit what comes in (Profit), Debit what goes out (Loss). All assets are Credits and all liabilities are Debit. |
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Elemental Enchantris
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Credit is when you don't have the money and you charge then you get a bill at the end of the month. Debit is when you have the money and you're using the money instead of having to charge. |
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dipesh63
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debit what comes in credit what goes out |
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sus19in
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debit:- any for of cash coming into your savings account
Credit:- cash outflow from your savings account. |
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zalwak2000
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well debit is money you have in an account that you earned
credit is money you have to pay back |
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natrayan1975
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If you ask a question in yahoo answer you will be credited with 5 points; if you answer you will be debited 2 points. this is the difference. |
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Invincible
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when u withdraw its called debit and when u deposit that's a credit |
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MikeD2
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I assume you are talking about cards?
A debit card is used to take money you already have from your account.
A credit card will loan you money on purchases, and charge extortionate amounts of interest if you don't pay it back in full by the time on your statement due date. |
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Ruthie Baby
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d and cr - one is on the left side of the ledger and one on the right - seriously there is no easy answer to that one. it depends which side of the equation you are looking at - if you are the debtor a debit is a credit to the person who is the creditor....... |
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Michael B
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debit is using money you already have and credit is using money you borrow. |
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Santa Claus
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on your bank statement, a debit is money going out of your account, and a credit is money going into your account.
when you use your visa check card at the store, and they say "debit or credit?" that means either you choose debit and punch in your pin and the money instantly comes directly out of your bank account, or you choose credit and sign the slip and the money is routed through visa and could take up to 72 hours to be withdrawn from your account. |
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Ariel
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DEBIT CARD:
A debit card is a plastic card which provides an alternative payment method to cash when making purchases.Physically the card is an ISO 7810 card like a credit card; however, its functionality is more similar to writing a cheque as the funds are withdrawn directly from either the cardholder's bank account (often referred to as a check card), or from the remaining balance on a gift card.
Depending on the store or merchant, the customer may swipe or insert their card into the terminal, or they may hand it to the merchant who will do so. The transaction is authorized and processed and the customer verifies the transaction either by entering a PIN or, occasionally, by signing a sales receipt.
In some countries the debit card is multipurpose, acting as the ATM card for withdrawing cash and as a check guarantee card. Merchants can also offer "cashback"/"cashout" facilities to customers, where a customer can withdraw cash along with their purchase.
The use of debit cards has become wide-spread in many countries and has overtaken the check, and in some instances cash transactions by volume. Like credit cards, debit cards are used widely for telephone and Internet purchases. This[citation needed] may cause inconvenient delays at peak shopping times (e.g. the last shopping day before Christmas), caused when the volume of transactions overloads the bank networks.
CREDIT CARD:
A credit card is a system of payment named after the small plastic card issued to users of the system. A credit card is different from a debit card in that it does not remove money from the user's account after every transaction.In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid to the merchant. It is also different from a charge card (though this name is sometimes used by the public to describe credit cards), which requires the balance to be paid in full each month. In contrast, a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged. Most credit cards are the same shape and size, as specified by the ISO 7810 standard. |
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Mehian
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I think you can find the most accurate answer by searching on www.PolyCola.com |
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sunlightsublime
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an entry in accounts pertaining to debt, expense including acquiring asset is debit entry corresponding credit to cash or creditor's ledger account. the entries for giving loan, income accrued and sale of asset are credit to the respective accounts corresponding debit to cash or debtor's account. |
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Sarangapani S
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in short version debit what comes in and credit what goes out, if you want really to gain knowledge go through the books of accountancy |
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Trent I
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A credit card is used to buy things with without the need for money on it. It aquires interest though and you have to pay both interest and price of purchase back. A debit card is a card with money on it and the funds are transferred directly at the point of sale. |
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boxr_bhai_2007
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debit is the things which u will get back some ammount from others and credit which u hve to pay to others.is the simple definition of debit and credit. |
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sahil
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A debit card is a plastic card which provides an alternative payment method to cash when making purchases. Physically the card is an ISO 7810 card like a credit card; however, its functionality is more similar to writing a cheque as the funds are withdrawn directly from either the cardholder's bank account (often referred to as a check card), or from the remaining balance on a gift card.
A credit card is a system of payment named after the small plastic card issued to users of the system. A credit card is different from a debit card in that it does not remove money from the user's account after every transaction. In the case of credit cards, the issuer lends money to the consumer (or the user) to be paid to the merchant. It is also different from a charge card (though this name is sometimes used by the public to describe credit cards), which requires the balance to be paid in full each month. In contrast, a credit card allows the consumer to 'revolve' their balance, at the cost of having interest charged. Most credit cards are the same shape and size, as specified by the ISO 7810 standard. |
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Rocknrollrich
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debit is to withdraw money, credit is to pay in money.
Or in the case of a debit card or credit card:
debit card takes the money direct from your bank account, a credit card you have to pay the money back to the card company, usually with interest unless you pay it off with in a month. |
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JF_14
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Debit is when you take money out of your acct or c/c where as credit is what you have left at the end of the day to spend. |
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