What is the meaning of debit and credit in commerce?

There are 3 types of accounts: 1. Nominal 2. Personal 3. Real While debit in nominal means all expenses which you incurred, while in personal a/c what you receive as receiver and in real whatever comes to you like building, machinery, etc. Now credit is what you gain in nominal a/c, in personal a/c credit is what you give like sales and in real a/c it is what goes out like cash.

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