Can anybody explain the difference between credit and debit in accounting?

Can anybody explain the difference between credit and debit in accounting? What is the rule?|||A debit may increase or decrease an account, but the same is also true for a credit. So you have to know how each entry affects the basic accounting equation....Assets = Liabilities + Equity. After each journal entry is complete, the accounting equation should always be in balance.|||For Asset and Expense Accounts, Debit will increase and Credit will Decrease.


For Liabilities, Revenues and Capital Accounts, Debit will decrease and Credit will increase.


Asset = Liabilities + Capital