Hey Aryan,

Debit and Credit is the term which is basically used in the sector of banking and management. They are the most frequently used words in the field of business and management.

Debit :- This term means to deposite the money to your specific account or to deposite a sum to any other bank account.

Credit :- This term is used to take out  a sum of the money from specifically your account.

I hope this answer helps you. Thank You !