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Definitions for: Debit [n] an accounting entry acknowledging sums that are owing
[v] enter as debit, in accounting
Webster (1913) Definition: 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.
Deb"it, v. t. [imp. & p. p. Debited; p. pr. & vb. n.
Debiting.]
1. To charge with debt; -- the opposite of, and correlative
to, credit; as, to debit a purchaser for the goods sold.
2. (Bookkeeping) To enter on the debtor (Dr.) side of an
account; as, to debit the amount of goods sold.
Synonyms: debit entry
Antonyms: credit, credit, credit entry
See Also: account, calculate, charge, entry, ledger entry
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