debit

Definition

An accounting entry which results in either an increase in assets or a decrease in liabilities or net worth. opposite of credit.

Use debit in a sentence

The money I paid for my Amazon purchase appeared as a debit on my account two weeks after I received the item.

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I had my debit card with me, because I would be buying drinks for everyone tonight cause I lost the bet.

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Our bookkeeper incorrect created debit entries thereby creating greater expenses when accounting for machinery and equipment that should have been capitalized and placed into our fixed asset account.

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trial balance balance