debit
Pronunciation
/ˈdɛbɪt/

Definition & Meaning of "debit"in English

Debit
01

an entry indicating an increase in assets or an expense, and a decrease in debts or income

Grammatical Information
Animacy status
Inanimate
Plural form
debits
Examples
The accountant recorded the purchase as a debit.
to debit
01

to record an amount on the debit side of an account in bookkeeping or accounting

Grammatical Information
Action verb
Regular
Present tense
debit
3rd person singular
debits
Past simple
debited
Past participle
debited
Examples
The accountant debited the expense to the correct account.
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