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Debit - Dictionary Definition and Overview |
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Debit : (noun)
1: an accounting entry acknowledging sums that are owing [syn:
debit entry] [ant: credit]
(verb)
1: enter as debit [ant: credit]
Based on WordNet 2.0
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Debit : \Deb"it\, n. [L. debitum what is due, debt, from debere to
owe: cf. F. d['e]bit. See Debt.]
A debt; an entry on the debtor (Dr.) side of an account; --
mostly used adjectively; as, the debit side of an account.
Based on Webster's Revised Unabridged Dictionary
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Debit : \Deb"it\, v. t. [imp. & p. p. Debited; p. pr. & vb. n.
Debiting.]
1. To charge with debt; -- the opposite of, and correlative
to, credit; as, to debit a purchaser for the goods sold.
2. (Bookkeeping) To enter on the debtor (Dr.) side of an
account; as, to debit the amount of goods sold.
Based on Webster's Revised Unabridged Dictionary
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DEBIT, accounts, commerce. A term used in bookkeeping, to express the left-
hand page of the ledger, to which are carried all the articles supplied or
paid on the subject of an account, or that are charged to that account. It
also signifies the balance of an account.
Based on Webster's Revised Unabridged Dictionary (1913)
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