debit (Meaning)

Wordnet

debit (n)

an accounting entry acknowledging sums that are owing

Wordnet

debit (v)

enter as debit

Webster

debit (n.)

A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account.

Webster

debit (v. t.)

To charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.

To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.

FAQs About the word debit

an accounting entry acknowledging sums that are owing, enter as debitA debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, th

disadvantage, minus, liability, handicap, incommodity,negative, disability, strike, downside, shortcoming

edge, margin, edge, asset, margin, control,asset, advantage, plus, control

I used my debit card to pay for groceries at the store.

The company recorded the transaction as a debit to the cash account.

When you use your debit card, the amount is immediately debited from your checking account.

Please remember to debit the expense account for the cost of the supplies.