Debit | Definition of Debit by Merriam-Webster
Debit definition is - to enter upon the debit side of an account : charge with a debit. How to use debit in a sentence.
Debit - definition of debit by The Free Dictionary
Define debit. debit synonyms, debit pronunciation, debit translation, English dictionary definition of debit. n. 1. An item of debt as recorded in an account. 2. The left-hand side of an account or accounting ledger where bookkeeping entries are made. 3.
Debit Definition - Investopedia
Debit: 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 ...
Debit | Definition of Debit at Dictionary.com
Debit definition, the recording or an entry of debt in an account. See more.
Debit financial definition of debit
Debit An expense, or money paid out from an account. A debit transaction is one which the net cost is greater than the net sale proceeds. See also Credit. debit An accounting entry that results in an increase in assets or a decrease in liabilities or owners' equity. Compare credit. Debit. A debit is the opposite of a credit. A debit may be an account ...
Debits and credits - Wikipedia
Debits and credits occur simultaneously in every financial transaction in double-entry bookkeeping. In the accounting equation, Assets = Liabilities + Equity, so, if an asset account increases (a debit (left)), then either another asset account must decrease (a credit (right)), or a liability or equity account must increase (a credit (right)).In the extended equation, revenues increase equity ...