Meaning Of The Word Debit

Real Dictionary

What's the definition of Debit? Find Debit meanings, definitions and more at the Real Dictionary online.

Debit Meaning

Debit Definition
Debit Definition

What's The Definition Of Debit?

debit
countable noun: A debit is a record of the money taken from your bank account, for example when you write a cheque.
verb: When your bank debits your account, money is taken from it and paid to someone else.

debit in Accounting 1
noun: A debit is entry on the left-hand side of an account.

debit in Accounting 2
verb: If you debit an account, you make an entry on the left side of the account.

debit in Accounting 3
verb: If an item or a customer's account is debited, money is taken out of it to pay someone else.

debit in American English
the left-hand side of an account, where entries are made showing an increase in assets, a decrease in liabilities, etc.
to enter as a debit or debits; enter on the left-hand side of an account
noun: the recording or an entry of debt in an account
transitive verb: to charge with a debt

debit in British English
noun: acknowledgment of a sum owing by entry on the left side of an account

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