In accounting, what is the opposite of debit?

In accounting, the concept of debit is fundamentally related to the double-entry bookkeeping system, where every transaction affects at least two accounts. A debit is an entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts. Conversely, a credit is an entry that generally increases liability, equity, or revenue accounts and decreases asset or expense accounts.

Thus, the opposite of a debit is indeed a credit, because they serve to balance each other in the accounting equation, ensuring that the system stays in equilibrium. When a transaction is recorded, a debit in one account necessitates a corresponding credit in another, reflecting the dual nature of financial transactions. Understanding this relationship is crucial in accounting as it ensures accurate financial reporting and compliance with accounting principles.