DEBITS
9
Scrabble
10
WWF
D(2) E(1) B(3) I(1) T(1) S(1)
NWL/TWL ✓ Collins ✓ WWF ✓
Definition
noun
- In bookkeeping, an entry in the left hand column of an account.“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.
verb
- To make an entry on the debit side of an account.
- To record a receivable in the bookkeeping.“We shall debit the amount of your purchase to your account.”
Source: Wiktionary
