debit
Definition
In double-entry bookkeeping, entry on the left-hand side of an account record. It has the effect of decreasing a capital, liability, or revenue account, or of increasing an asset or expense account. See also credit.
debit is in the Accounting & Auditing subject.
debit appears in the definitions of the following terms:
balancing the books,
offset mortgage,
credit,
accounting cycle,
appropriation,
single-entry bookkeeping,
debitor,
ledger,
post closing trial balance,
reversing entry
and
debit appears in the other terms: dangling debit, debit card, offline debit card, debit note, debit memo, debit balance, direct debit payment, deferred debit
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