Accounting Definition Of Debit


  • Debit Investopedia Sharper Insight Smarter Investing

    A debit is an accounting entry that results in either an increase inets or a decrease in liabilities on a company's balance sheet. In fundamental accounting, debits are balanced by credits, which operate in the exact opposite direction..

  • Debits And Credits Wikipedia

    Conversely, a decrease to anet account is a credit. A decrease to a liability or equity account is a debit. Debits and credits occur simultaneously in every .

  • Debit What Is A Debit Debitoor Accounting Glossary

    The debit falls on the positive side of a balance sheet account, and on the negative side of a result item. In bookkeeping, a debit is an entry on the left side of a double entry bookkeeping system that represents the addition of anet or expense or the reduction to a liability or revenue..

  • What Is A Debit Definition Meaning Example

    Definition A debit is an accounting term for an entry made on the left side of an account. Many times debit is abbreviated as Dr.The double entry accounting system is based on the concept that total debits always equal total credits..