The meaning of DEBIT is to enter upon the debit side of an account : charge with a debit. How to use debit in a sentence.

Mar 28, 2025 · This article explains the meaning of debit, how it works, its role in bookkeeping, the difference between debits and credits, and its impact on financial transactions.

Jul 15, 2025 · Debits are the opposite of credits in an accounting system. Assets and expenses have natural debit balances, while liabilities and revenues have natural credit balances.

A debit is a record of the money taken from your bank account, for example when you write a cheque. The total of debits must balance the total of credits.

to record an amount in a company's financial accounts which represents money that has been used to pay an expense or buy an asset. In double-entry bookkeeping this is done on the left-hand side (= …

Nov 29, 2025 · A debit is a fundamental entry used in the system of double-entry bookkeeping to record financial transactions. The term does not inherently mean an increase or a decrease; rather, it refers …

DEBIT meaning: 1 : an amount of money that is taken from an account; 2 : in the section of a financial record where debits are written

Definition of debit noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

To enter (a sum) on the left-hand side of an account or accounting ledger. 2. To charge with a debit: If you use an ATM, the bank will debit your account immediately. [Middle English debite, from Latin …

Sep 5, 2025 · A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is on the left in the entry.