2. (Bookkeeping) To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold. [1913 Webster]
The Collaborative International Dictionary of English. 2000.
debited — adj. entered as a debit; charged with a debit deb·it || debɪt n. liability, debt, obligation v. charge with a debt … English contemporary dictionary
be debited with — index overdraw Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
debit — To debit is to place an entry on the left hand side of an account. A debit in a liability account makes it smaller. A debit in an asset account makes it larger. Glossary of Business Terms An expense, or money paid out from an account. A debit… … Financial and business terms
Debits and credits — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
Trial balance — In accounting, the trial balance is a worksheet listing the balance at a certain date, of each ledger account in two columns, namely debit and credit. Under the double entry system, in any transaction the total of any debits must equal the total… … Wikipedia
Direct debit — A direct debit or direct withdrawal is an instruction that a bank account holder gives to his or her bank to collect an amount directly from another account. It is similar to a direct deposit but initiated by the beneficiary. It is also called… … Wikipedia
Partnership accounting — When two or more individuals engage in an enterprise as co owners, the organization is known as a partnership. This form of organization is popular among personal service enterprises, as well as in the legal and public accounting professions. The … Wikipedia
debit — n. & v. n. 1 an entry in an account recording a sum owed. 2 the sum recorded. 3 the total of such sums. 4 the debit side of an account. v.tr. (debited, debiting) 1 (foll. by against, to) enter (an amount) on the debit side of an account (debited… … Useful english dictionary
Double-entry bookkeeping system — A double entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts. The name derives from the fact… … Wikipedia
Treasury stock — A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ( open market including insiders holdings). Stock repurchases are often used as a tax efficient … Wikipedia
