Debit
The left side. Debits normally increase asset and expense accounts and decrease liability, equity and revenue accounts.
Open debit →Same category · decisive difference
Debit is left. Credit is right.
Neither word means good, bad, cash in, cash out, expense or revenue by itself. Account type determines the effect.
Credit
The right side. Credits normally increase liability, equity and revenue accounts and decrease asset and expense accounts.
Open credit →Use the equation, not a slogan
When a customer pays a receivable, debit Cash because one asset rises and credit Accounts receivable because another asset falls. The entry balances without treating credit as income.