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Defination of dabit

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(Querist)
10 June 2015 what is dabit and credit?
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Arpit Shah

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Arpit Shah (Expert)
11 June 2015 DEFINITION of 'Debit' An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in your bank account.
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Arpit Shah

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Arpit Shah (Expert)
11 June 2015 DEFINITION of 'Credit' 1. A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest. The term also refers to the borrowing capacity of an individual or company
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Arpit Shah

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Arpit Shah (Expert)
11 June 2015 DEFINITION of 'Credit' 1. A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest. The term also refers to the borrowing capacity of an individual or company
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