Debit Definition & Meaning - Merriam-Webster
Webnoun. 1. a. : a record of an indebtedness. specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a …
Debit: Definition and Relationship to Credit - Investopedia
WebJan 15, 2024 · A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet. In fundamental accounting, debits are balanced by credits,...
DEBIT | English meaning - Cambridge Dictionary
Webnoun [ C or U ] uk / ˈdeb.ɪt / us / ˈdeb.ɪt / Add to word list. B2. (a record of) money taken out of a bank account: The account was in debit at the end of the month (= more money had …
Debits and credits - Wikipedia
WebAccounting. Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account.
DEBIT Definition & Meaning | Dictionary.com
WebDebit definition: the recording or an entry of debt in an account.. See examples of DEBIT used in a sentence.
Debit - Meaning, Overview, Examples, Accounting Applications
WebJan 3, 2024 · Debit is the part of a financial transaction recorded on the left side of accounting books. The records follow the double-entry bookkeeping system. Its accounting abbreviation is “Dr” It exhibits an upsurge in expenses. At the same time, it shows a decline in revenue. Debit in Accounting Explained. It is an essential component of accounting.
Debit - definition of debit by The Free Dictionary
Web1. To enter (a sum) on the left-hand side of an account or accounting ledger. 2. To charge with a debit: If you use an ATM, the bank will debit your account immediately. [Middle English debite, from Latin dēbitum, debt; see debt .] American Heritage® Dictionary of the English Language, Fifth Edition.
DEBIT | definition in the Cambridge English Dictionary
Webnoun [ C or U ] us / ˈdeb.ɪt / uk / ˈdeb.ɪt / Add to word list. B2. (a record of) money taken out of a bank account: The account was in debit at the end of the month (= more money had …
DEBIT | definition in the Cambridge Learner’s Dictionary
Webnoun [ C ] uk / ˈdebɪt / us. Add to word list. B2. money taken out of a bank account, or a record of this. Opposite. credit noun. See also. direct debit. debit. verb [ T ] uk / ˈdebɪt / …
What is a Debit? - Definition | Meaning | Example - My …
WebDefinition: A debit is an accounting term for an entry made on the left side of an account. Many times debit is abbreviated as Dr.The double entry accounting system is based on the concept that total debits always equal total credits.
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