In the bank statement, debit and credit respectively represent the inflow and outflow of funds in the bank account.
Debit means the outflow or expenditure of funds in the bank account, also known as "deduction", "expenditure", "transfer", etc. If the user makes a withdrawal, or the bank charges the customer interest or handling fee, it will be in the It is reflected as a debit item in the running water.
Credit means the inflow or income of funds in the bank account, also known as "deposit", "deposit", "transfer", etc. If the user makes a deposit to the bank, or the bank issues a loan to the customer, etc., it will Reflected in the flow of credit.
Borrowing and lending are the most basic concepts in bank accounting. In an account, the amount of debit and credit should be equal, which is also the meaning of "account balance".