debit (side) of an account

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• debit side — noun account of payments owed; usually the left side of a financial statement • Hypernyms: ↑accounting, ↑accounting system, ↑method of accounting …   Useful english dictionary

• Debit — 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. [1913 Webster] …   The Collaborative International Dictionary of English

• 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

• debit — /deb it/, n. 1. the recording or an entry of debt in an account. 2. Bookkeeping. a. that which is entered in an account as a debt; a recorded item of debt. b. any entry or the total shown on the debit side. c. the left hand side of an account on… …   Universalium

• 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

• debit — /ˈdɛbət / (say debuht) noun 1. the recording of an entry of debt in an account. 2. Bookkeeping a. that which is entered in an account as a debt; a recorded item of debt. b. any entry, or the total shown, on the debit side. c. the side (left side) …  

• debit — I. transitive verb Date: 1682 to enter upon the debit side of an account ; charge with a debit II. noun Etymology: Latin debitum debt Date: 1746 1. a. a record of an indebtedness; specifically an entry on the left hand side of an account… …   New Collegiate Dictionary

• debit — deb•it [[t]ˈdɛb ɪt[/t]] n. 1) the record kept of another s indebtedness 2) bus a) a recorded item of debt b) any entry or the total shown on the debit side c) bus the left hand, or debit, side of an account (opposed to credit 9), b)) 3) a failing …   From formal English to slang

• debit — 1. noun /dɛb.ɪt/ a) In bookkeeping, an entry in the left hand column of an account to record a debt. b) A sum of money taken out of an account. See Also: debt, debitor, debenture …   Wiktionary

• debit entry — / debɪt ˌentri/ noun an entry on the debit side of an account …   Marketing dictionary in english

• debit entry — / debɪt ˌentri/ noun an entry on the debit side of an account …   Dictionary of banking and finance