Debit entry represents a transfer of value to an account.
Credit entry represents a transfer of value from an account.
That seems the opposite of what I thought?
Most people associated Credit with receiving money in their Bank account because they learn that from looking at their Bank Statements. The problem is that a Bank statement is a view from the Banks perspective in looking at their own ledgers. So it is correct, a Credit means the Bank is transferring value from their ledger account to your ledger account in their systems.
Each transaction transfers value from credited accounts to debited accounts. For example, a if I EFT some money to a supplier I would enter a credit for the bank account from which the payment is made and a debit my expense or cost-of-sale account account for that supplier.