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- (noun): In bookkeeping, an entry in the left hand column of an account.
- (noun): 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.
- (verb): To record a receivable in the bookkeeping.
- (adjective): Of or relating to process of taking money from an account
- (adjective): Of or relating to the debit card function of a debit card rather than its often available credit card function
- A cash sale is recorded as debit on the cash account and as credit on the sales account.
- We shall debit the amount of your purchase to your account.