Word: debits
In bookkeeping, an entry in the left hand column of an account. Example: A cash sale is recorded as debit on the cash account and as credit on the sales account.
A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.
To make an entry on the debit side of an account.
To record a receivable in the bookkeeping. Example: We shall debit the amount of your purchase to your account.
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