Sales Credit Or Debit is an accounting recording method that accurately tracks the amounts of money being exchanged in sales transactions. It serves as a record for a company to refer back to when deciding whether or not to pay a customer for their services. This term keeps track of an account receivable or payable by keeping a record of entries and withdrawals from the account, thereby allowing businesses to track their profits and losses. Sales Credits are recorded when a business receives payment for goods or services, while Debits are tallied when a company pays out for goods or services received. By using this system, businesses can ensure that their finances remain accurate and up-to-date.