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Debit

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Definitions of Debit

Pronunciation : Deb"it
Part of Speech : n.
Etymology : [L. debitum what is due, debt, from debere to owe: cf. F. d?bit. See Debt.]
Definition : Defn: A debt; an entry on the debtor (Dr.) side of an account; -- mostly used adjectively; as, the debit side of an account.
Source : Webster's Unabridged Dictionary, 1913

Pronunciation : Deb"it
Part of Speech : v.
Definition : 1. To charge with debt; -- the opposite of, and correlative to, credit; as, to debit a purchaser for the goods sold.

2. (Bookkeeping)

Defn: To enter on the debtor (Dr.) side of an account; as, to debit the amount of goods sold.

t. [imp. & p. p. Debited; p. pr. & vb. n. Debiting.]
Source : Webster's Unabridged Dictionary, 1913

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