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P1 C1 Accounting and Its Terminology — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C1 Accounting and Its Terminology3 Marks
Question
Explain the following terms: $(A)$ Debit And $(B)$ Credit
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Answer

$(A)$ Debit: In accounts, debit means, to write amount on the left hand side or on debit sideof an account.
$(B)$ Credit: In accounts, credit means to write amount on the right hand side or on credit sideof an account.

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