Debit is the portion of transaction that account to for the increase in asset and expenses and decrease in liabilities , equity and income. Hence.., every transaction will have dual effect (i.e.debit and credit effect.)

Every transaction has two aspects, credit and debit, which are essential for maintaining the accuracy of financial records. These aspects are used to ensure that the accounting equation (Assets = Liabilities + Equity) remains balanced, which is crucial for financial reporting and decision-making.

Credit Aspect
The credit aspect of a transaction refers to the amount of money that is received or paid out. It is the inflow of money into an account, and it represents the source of funds for a transaction. The credit aspect is recorded on the right-hand side of the accounting ledger, and it is used to increase the balance of accounts such as revenue, liabilities, and equity.

Debit Aspect
The debit aspect of a transaction refers to the amount of money that is taken out or paid. It is the outflow of money from an account, and it represents the destination of funds for a transaction. The debit aspect is recorded on the left-hand side of the accounting ledger, and it is used to decrease the balance of accounts such as assets and expenses.

Examples
For example, when a business owner purchases equipment for $10,000, the debit aspect of the transaction would be the increase in the equipment account, while the credit aspect would be the decrease in the cash account. Similarly, when a business receives payment of $5,000 from a customer, the debit aspect would be the increase in the cash account, while the credit aspect would be the increase in the revenue account.

Conclusion
In conclusion, understanding the credit and debit aspects of a transaction is essential for accurate financial reporting and decision-making. By using these aspects, businesses can maintain a balanced accounting equation and ensure that their financial records are accurate and reliable.