Debit

Debit (DR) is a fundamental accounting entry that used to  increases the accounts of Assets and Expenses ,  or to decrease Liability and Equity accounts.

It is positioned to the left side in an accounting entry. On other hand Credit (CR), positioned to the right side in an accounting entry and work to balance of the accounting entry.

Debit will increase these accounts:

• Assets (Cash, Accounts Receivable, Inventory, Land, Equipment, etc.)
• Expenses (Rent Expense, Wages Expense, Interest Expense, etc.)
• Losses (Loss on Sale of Assets, Loss from Lawsuit, etc.)

On other hand Debit will decrease these accounts: 

• Liabilities (Notes Payable, Accounts Payable, Interest Payable, etc.)
• Equity (Common Stock, Retained Earnings)
• Revenue (Income)