Credit Vs Debit
It can mean either. when a owes b money, then a is in debit with b and b is in credit with a. what the (credit) means in this case depends on whether it is meant from the perspective of the utilities company or meant from the perspective of the customer. Jan 26, 2021 · credit cards give you access to a line of debt issued by a bank while debit cards deduct money directly from your bank account. credit cards offer better consumer protections against fraud compared. See more videos for credit vs debit. Debits And Credits Wikipedia Debits and credits actually refer to the side of the ledger that journal entries are posted to. a debit, sometimes abbreviated as dr. is an entry that is recorded on the left side of the accounting ledger or t-account. conversely, a credit or cr. is an entry on the right side of the ledger. Credit cards allow for a greater degree of financial flexibility than debit cards, and can be a useful tool to build your credit history. there are even certain situatio...