Define debits - credits

A DEBTOR IS AN ENTITY THAT OWES DEBT  TO OTHER ENTITY . THE ENTITY MAY BE A PERSON , A COMPANY , GOVERMENT ETC AND THE COUNTER PARTY IS CALLED CREDITOR.FOR EG- IF X DRAWS MONEY FROM HIS/HER BANK "X" IS DEBTOR AND BANK IS CREDITOR AND IF X REPAYS THE MONEY TO BANK X IS CREDITOR AND BANK IS DEBTOR.

Debit: Means confirmation and book entry of1. Receipt of Cash/Bank/Transfer2.Receipt of Goods/Assets3. Concerned expenses for which you make payments(present or future)4.Personal indebtedness to your entity on account of a monitory dealing(s)5.Any losses (present or future).

Credit: Means confirmation and book entry of1.Payment of Cash/Bank/Transfer3.Movement of Goods/Assets from your entity3.Concerned income  for which you receive payments (present or future)4. Your personal Owings to External parties on a account of a transaction(s)5.Any income (present or future)

The difference between the total debits and total credits in a single account is the account's balance. If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance.[3] For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred

Debit is an accounting entry recording a sum owed, in my word debit - what come in, all the receiver and all expense and loses.

Credit is an accounting entry, which decrease the asset- in my word Credit - what goes out, all the giver and incomes and gains.

what comes inn is entered to debit and what geos out will entered to credit side of the Account

I With answer Mr Mohamad iqbal

DBIT WHAT COMES IN ,CREDIT WHAT GOES OUT.DEBIT ALL EXPENSES,CREDIT ALL INCOMES.IN PERSONAL ACOUNT-DEBIT THE RECEIVER AND CREDIT THE GIVER

simply

 accounting transactions between accounts and accounts between people  are similar

In Accounting 

When an account  increases , account  be debit 

When an account decrease, account  be     credit

In every transaction must be account debits   =  account  debit