Expain the terms:-
1. Debit
2. Credit

Debit what comes in Credit what goes out    as per Real account
Debit expense or loss and credit income or gain in Nominal account 
Debit the receiver and credit the giver as per Personal account
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Debit what comes in , Credit what goes out - As per REAL ACCOUNT
Debit all expenses and losses , Credit all incomes or gain - As per NOMINAL ACCOUNT
Debit the receiver , Credit the giver - As per PERSONAL ACCOUNT
Hope it helped you !!
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In the firm's view Debit is a payment and credit is a receipt. For example- purchases are debit because we are paying for buying goods and sales are credit because we are receiving money.
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Debit-given money to someone
Credit -taken money from someone
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