A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account.
To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.
The amount you pay for placing a trade. A net outflow of cash from your account as the result of a trade.
Debit balance Debit spread
An accounting entry which results in either an increase in assets or a decrease in liabilities or net worth. opposite of credit.
A debit is: a payment (such as out of a bank account); the cost of buying goods or services; or an entry on the left-hand side in a double-entry bookkeeping system.
The deduction of money from a financial account.
an amount entered on the left-hand (debtor) side of an account; to make such an entry.
A record of an indebtedness used to designate a payment or owing.
A charge on an accounting statement or balance sheet (appearing on the left-hand column); the opposite of a credit. Used in bookkeeping and in preparing the closing statement in a real estate transaction.
An entry in an account that shows an amount paid out or owed. The opposite of a credit to an account.
An entry to the record of an account to represent the transfer or removal of funds from the account.
Money paid out from an account either from a withdrawal or a transaction that results in decreasing the cash balance.
Remove money from a bank account. In this instance transfer payment from the importer's account to the exporter's account.
Recorded as negative (-) in the balance of payments, any transaction that gives rise to a payment out of the country, such as an import, the purchase of an asset (including official reserves), or lending to foreigners. Opposite of credit.
A transaction that debits a destination account.
a payment authorized by the buyer in a transaction that pulls funds from the buyerâ€™s account. Also see credit.
A bookkeeping term for a sum of money owed by an individual or institution; a charge deducted from an account.
an accounting entry acknowledging sums that are owing
a direct channel to deposit funds from your bank account
a direct channel to pay merchants straight from your bank account
a FREE Payment Service that allows you to make secure payments, or deposits, to merchants directly from your US bank account in real time
an electronic check that is a direct method to deposit funds from your bank account
an entry in a general ledger account that increases its balance if it is an A or E account and reduces its balance if it is an L, P or I account
an increase to assets or expenditures, or a decrease to liabilities, fund balance, retained earnings, or revenues
a transaction initiated by the cardholder at a terminal with use of a PIN resulting in a deduction against the balance of the cardholder's account, which has been credited by the value and category of public assistance benefits authorized
an accounting term used to describe an entry which increases an expense or asset account, or decreases an income, liability or net worth account.
Charges to an account.
An amount recorded on the left side of a T account(refer to the above credit).
The increase of an expense or a decrease in revenue
Monies moved to an account.
Decreases in an account, such as that which occurs when a check is written against that account.
One side of the double entry process, representing positive figures on the Balance Sheet (increases in assets; reductions in liabilities and capital), and expenditures on the Profit and Loss report.
Any transaction that reduces the balance in a bank account.
Account entry to show a withdrawal to an account
Any item that reduces the balance in a bank account. A check, bank service fee, and ATM withdrawals are all examples of debits.
an accounting entry on the left or top of a balance sheet. Usually an increase in assets or a reduction in liabilities. Every debit has a balancing credit.
A financial term that refers to a decrease in a deposit account, such as writing a check against the account. See credit.
Like credits, a type of transaction. Debit entry in an asset account increases the balance and in a libablity account, a debit entry decreases the balance. In accounting, every debit must be balanced by a credit
The means of decreasing the balance of the account (or increasing an overdrawn position) e.g. taking cash out or issuing a cheque.
A transaction which results in a debit against the account balance of a Cardholder.
a charge against a balance
A debit entry in a journal voucher is indicated by entering posting key 40, the code for a debit line item.
A column in a journal or ledger to record the 'To' side of a transaction (eg. if you are paying money into your bank account you would debit the bank when making the journal entry).
An entry to request transfer or removal of funds from an account.
A bookkeeping entry that decreases the balance of a member's account; checks posted to a checking account are examples of a debit entry.
All accounts have a left side (debit) and a right side (credit). To help ensure the accuracy of the accounting records, all events and transactions are recorded with an amount recorded to the left side of the accounts and an equal amount to the right side of the accounts. This is referred to as double entry accounting. If debits and credits do not equal, an error has occurred.
An entry on a financial statement which reflects payments or disbursements made on behalf of a party for which the party is responsible (opposite of "Credit").
A charge on a deposit or credit card account.
Money which is taken out of an account is 'debited from' that account.
A charge to a customer's bankcard account. A transaction, such as a check, automated teller machine (ATM) withdrawal, or point-of-sale (POS) debit purchase that debits a demand deposit account.
Any entry on or to the left side of a balance sheet, T-account, or journal entry. The Local School Accounts that normally carry a debit (left side) balance are your Cash (010) and Investment (030) accounts. Increases to these accounts would be debits while decreases would be credits.
The process of subtracting from the balance of an account.
(1) In accounting, a specified change made to the monetary value of an account. A debit increases the value of asset accounts and expense accounts, whereas it decreases the value of liability accounts, owners' equity accounts, and revenue accounts. (2) In the home service insurance distribution system, a group of clients or the geographical area to which a home service agent is assigned.
Entries on the left hand side of an account. A charge against or deduction from an account.
An accounting entry that increases assets and expenses and decreases liabilities and revenues.
An amount, such as a withdrawal, subtracted from a bank balance.
A withdrawal of money from an account
Entry recording an increase to an asset or expense or a reduction to a liability, revenue or owner’s equity. Debits are recorded in the left-hand column of an account or a two-column book. Opposite of credit.
Debit and credit are two of the most confusing terms in the financial world. They mean one thing when your banker is discussing your account balance. And they take almost the opposite meaning when used by your accountant. In accounting, a debit increases the balance of an asset or expense account; a credit to the same account decreases the balance. It would serve you better if all professionals used the terms "increase" or "decrease" in a given account. Debit and credit are terms used in double-entry accounting.
A record of indebtedness on the part of ourselves or one of our customers. This as opposed to "credit" which is a record of the amount in favor of ourselves or one of our customers. Again the term debit should be carefully used and should be referenced that it is clear as to whom the indebtedness applies (See "Credit.")
A charge to or withdrawal from a customer's account. Transactions, such as payment by cheque, cash machine withdrawals or credit card purchases in a shop, will debit money from an account.
A withdrawal from an account. If a person writes a $25 check, that person's account will have a debit of $25 when the check clears.
Funds which have been deducted from your account. The opposite of a debit is a credit.
Electronic payment Term associated with ACH-Debit. The action taken when the Department's bank withdraws a tax payment from the taxpayer's bank account; the taxpayer's account is debited.
A charge you make against the deposits in your bank account.
To place an entry on the debit side of an account. A debit is a record of a sum owing.
This refers to those amounts posted to the left hand column of an account. This is usually used to record (a) an increase in an asset and (b) a decrease in a liability or in shareholders' equity.
With a savings or checking account, an amount withdrawn or removed from the account balance.
The term debit means to deduct or take away. If you have paid for a service or product via switch then the amount will be debited from your account. It is most commonly used to describe a new form of payment for services and goods termed direct debit. For more information concerning direct debit visit the Direct Debit Site
A charge to an account which reduces that account
An account entry to charge a withdrawal to a specified account.
An increase in expense or a decrease in income. For balance sheet accounts, an increase in assets, or decrease in fund balances or liability accounts.
A charge to your account.
An accounting entry that is either: an addition to an asset account; an expense in a fund balance account; a deduction from a liability account; or a reduction of revenue in a fund balance account.
Charging for a customer's bank card account. A transaction that debits a demand deposit account including a check, automated teller machine (ATM) withdrawal, or point-of-sale (POS) debit purchase.
An entry on the left side of an account.
Entry on the left side of a DOUBLE-ENTRY BOOKKEEPING system that represents the addition of an ASSET or expense or the reduction to a LIABILITY or REVENUE. (See CREDIT.)
The withdrawal of funds from your account. In accounting, a debit is an item of debt as recorded in an account.
Debit is an accounting and bookkeeping term that comes from the Latin word debere which means "to owe." The opposite of a debit is a credit. Debit is abbreviated Dr while credit is abbreviated Cr. A debit can be either a positive or negative entry to an account depending on what type of account is being debited. Asset and expense accounts increase in value when debited, whereas liability, capital, and revenue accounts decrease in value when debited.
A deduction of money from a sum held in a bank or card account.
Any type of withdrawal from an account. · See Also · Credit
An expense, or money paid out from an account. A debit transaction is one in which the net cost is greater than the net sale proceeds. See also Credit.
Another name for withdrawal of funds from your account.
An entry on the left side of a ledger account.
See on: Wikipedia Investopedia An accounting entry which results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in your bank account. The opposite transaction is called a credit.
Most commonly, a debit is a withdrawal from a bank account.
A bank account entry subtracting a specific amount of money; the opposite of a credit.
A bookkeeping entry that decreases the balance of a member's account. Checks posted to an account, and entries to an account for the payment of service charges are examples of debit entries.
With regard to an escrow closing statement; a debit decreases the account balance of the buyer or seller.