Meaning Of The Word Debit
What's the definition of Debit? Find Debit meanings, definitions and more at the Real Dictionary online.
Debit Meaning
| Debit Definition |
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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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