Meaning of DEBIT
| Pronunciation: | | 'debit
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 WordNet Dictionary |
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- [n] an accounting entry acknowledging sums that are owing
- [v] enter as debit, in accounting
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| | Synonyms: | | debit entry |
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| | Antonyms: | | credit, credit, credit entry | | |
| | See Also: | | account, calculate, charge, entry, ledger entry | |
| Webster's 1913 Dictionary |
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\Deb"it\, n. [L. debitum what is due, debt, from debere to
owe: cf. F. d['e]bit. See {Debt}.]
A debt; an entry on the debtor (Dr.) side of an account; --
mostly used adjectively; as, the debit side of an account.
\Deb"it\, v. t. [imp. & p. p. {Debited}; p. pr. & vb. n.
{Debiting}.]
1. To charge with debt; -- the opposite of, and correlative
to, credit; as, to debit a purchaser for the goods sold.
2. (Bookkeeping) To enter on the debtor (Dr.) side of an
account; as, to debit the amount of goods sold.
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| | Related Terms: | | balance, balance the books, bereavement, book, budgeting, capitalize, carry, carry over, cast up accounts, charge off, close out, close the books, cost, costing, costing-out, credit, damage, dead loss, debiting, deficit spending, denial, denudation, deprivation, despoilment, destruction, detriment, disbursal, disbursement, dispossession, divestment, docket, double entry, enter, entry, expenditure, expense, forfeit, forfeiture, injury, item, journalize, keep books, log, loser, losing, losing streak, loss, make an entry, minute, notation, note, payment, perdition, post, post up, privation, robbery, ruin, sacrifice, scheduling, single entry, spending, spoliation, strike a balance, stripping, taking away, total loss |
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