debit
/ˈdɛbɪt/
noun
- An amount of money taken out of a bank account, or a record of such a withdrawal.
- Each purchase you make with your card shows up as a debit on your account.
- I checked my bank statement and saw a debit of $50 for the subscription.
- The accountant recorded every debit and credit in the ledger.
- The left side of an account in double-entry bookkeeping, where increases in assets or expenses are recorded.
- In accounting, a debit increases asset accounts and expense accounts.
- She entered the equipment purchase on the debit side of the balance sheet.
- The bookkeeper made sure the total debits equaled the total credits.
Synonyms
verb
- To take money out of a bank account, typically as payment for something.
- The fee was debited from my savings account without my permission.
- The bank will debit your account automatically each month for the loan payment.
- Please debit my checking account for the total amount of the order.
- To record an amount on the left side of an account in bookkeeping.
- He debited the cash account to reflect the payment received.
- The accountant debited the office supplies account for the purchase.
- When you buy inventory, you debit the inventory account.