Credit and Debit
Last updated at October 9, 2025 by Teachoo
Credit and Debit
Last updated at October 9, 2025 by Teachoo
Transcript
Credit and Debit Understanding Integers with Credits & Debits Suppose you open a bank account with ₹100. Your balance starts at +100 . You deposit earnings of ₹60. This is a 'credit' (a positive number). New Balance: ₹100 + ₹60 = ₹160 You pay an electric bill of ₹30. This is a 'debit' (a negative number). New Balance: ₹160-₹30 = ₹130 You make a large business purchase of ₹150. This is another 'debit'. New Balance: ₹130-₹150 = -₹20 Yes, your balance can be negative! This is like an 'overdraft'. Your business is successfull You make ₹200. This is a 'credit'. Final Balance: -₹20+₹200=₹180 Your Balance Journey Key Idea: 'Credits' are positive integers (+) that increase your balance. 'Debits' are negative integers (-) that decrease your balance. Your final balance is the sum of all these integers!