debits and credits
Debits and credits are like an accounting tool. Accounting keeps track of money by adding or subtracting amounts that help people know how much money they have. When money comes in or is spent, it is called a "debit" or a "credit".
A debit is when you add money to an account, like when you deposit cash or money from a paycheck into your bank account. When you add money, the amount of money you have increases, so it's called a "debit".
A credit is when you take money out of an account, like when you take cash out of your bank account or pay with a credit card. When you take money out, the amount of money you have decreases, so it's called a "credit".
A debit is when you add money to an account, like when you deposit cash or money from a paycheck into your bank account. When you add money, the amount of money you have increases, so it's called a "debit".
A credit is when you take money out of an account, like when you take cash out of your bank account or pay with a credit card. When you take money out, the amount of money you have decreases, so it's called a "credit".