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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
| Impact on accounts | Debit | Credit |
| Assets or Expenses | Increase | Decrease |
| Income, Liabilities or Capital | Decrease | Increase |
Basis of Difference |
Debit |
Credit |
|---|---|---|
Meaning |
The Debit means adding(+) some value into the something account | The Credit means subtracting(-) some value into something account. |
Side |
The left side of the ledger account | The right side of the ledger account. |
| Impact on Assets | Increase | Decrease |
| Impact on Liabilities | Decrease | Increase |
| Impact on Expenses or losses | Increase | Decrease |
| Impact on Income or Gains | Decrease | Increase |
| Impact on capital | Decrease | Increase |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
The Debit and Credit are two aspects of the double-entry system, which is invented by “Luca Pacioli” the father of bookkeeping. According to the double-entry…
Yes — this page includes a side-by-side comparison table you can also download as an image or PDF for revision.
Yes — this page includes a short interactive quiz so you can check your understanding straight away.
