Debit and credit

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Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2012 Dear all,
Please give me exact definition to WHAT IS DEBIT AND CREDIT ?

@VaibhavJ

@VaibhavJ (Expert)
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15 December 2012 Hi

I found 2 very good resources here, hope it helps. Pl let us know if you require more clarity:

https://www.wikihow.com/Understand-Debits-and-Credits

https://en.wikipedia.org/wiki/Debits_and_credits

Thanks//Vaibhav
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Hari Beldona

Hari Beldona (Expert)
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15 December 2012 Of course I am explaining in vernacular language debit means "Karch" credit means "jama"

for example if you lend Rs 1000 to Mr X
In your books you will effect Karch of Mr x account. The same transaction is reflected in books of X is your account will be given Jama

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