DEBIT definition and meaning | Collins English Dictionary
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debet meaning 2 meanings: 1. a. acknowledgment of a sum owing by entry on the left side of an account b. the left side of an account c. an.... Click for more definitions..
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Master the word "DEBIT" in English: definitions, translations, synonyms, pronunciations, examples, and grammar insights - all in one complete resource.
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There can be considerable confusion about the inherent meaning of a debit or a credit. For example, if you debit a cash account, then this means that the amount of cash on hand increases. However, if you debit an accounts payable account, this means that the amount of accounts payable liability decreases. These differences arise because debits and credits have different impacts across several ...