What is debet and kredit (debit & credit)?

In short

Debit and credit are the two sides of every entry in double-entry bookkeeping: each transaction is posted with equal amounts on both sides, so the books always balance.

In practice

Rule of thumb: debit is where the value lands (the expense), credit is where it comes from (the bank). Modern systems handle this automatically behind the scenes.

Related terms

• Kontoplan (chart of accounts)
• Bogføring
• See every term in the dictionary

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