debit Definition

debit

Definition

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

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Related Terms

account balance - More

account statement - More

ACH - More

asset management account

Automatic Clearing House

balance

blind entries

capitalize

central assets account

debit card

Mentioned in these terms

adjusted debit balance

debit balance

debit note

customers' net debit balance

debit spread

Popular 'Accounting' Terms

current ratio
equity
working capital
asset
EBITDA

revenue
net income
negotiable
net profit
net worth

debit in the news

Tools

debit is ...

... part of the Accounting subject.

Nearby Terms

death tax
death valley curve
death-backed bonds
debenture
debenture stock
debit
debit balance
debit card
debit note
debit spread
debt

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