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.

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.

DEBIT meaning: 1. (a record of) money taken out of a bank account: 2. to take money out of an account or keep a…. Learn more.

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

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.

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

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.

4 days ago · debit (countable and uncountable, plural debits) In bookkeeping, an entry in the left hand column of an account.

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, …

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.