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See also: débit
- In bookkeeping, an entry in the left hand column of an account.
- A cash sale is recorded as debit on the cash account and as credit on the sales account.
- A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.
in bookkeeping, an entry in the left hand column of an account
sum of money taken out of a bank account
- To make an entry on the debit side of an account.
- To record a receivable in the bookkeeping.
- We shall debit your account for the amount of the purchase.
- We shall debit the amount of your purchase to your account.
- The translations below need to be checked and inserted above into the appropriate translation tables, removing any numbers. Numbers do not necessarily match those in definitions. See instructions at Wiktionary:Entry layout#Translations.
debit (not comparable)
- of or relating to process of taking money from an account
- of or relating to the debit card function of a debit card rather than its often available credit card function (Can we add an example for this sense?)
- debit in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.
- debit in The Century Dictionary, The Century Co., New York, 1911