noun Download 🔗Share In bookkeeping, an entry in the left hand column of an account. Examples : "A cash sale is recorded as debit on the cash account and as credit on the sales account." business finance economy Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share 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. Examples : "The monthly debits for rent and utilities automatically come out of my checking account. " finance business economy asset amount Chat with AIVocabulary GamePractice Reading
verb Download 🔗Share To make an entry on the debit side of an account. Examples : "The bank debits my account $5 each month for the online banking service. " business finance economy Chat with AIVocabulary GamePractice Reading
verb Download 🔗Share To record a receivable in the bookkeeping. Examples : "We shall debit the amount of your purchase to your account." business finance economy Chat with AIVocabulary GamePractice Reading
