debit

/'debit/

Thân thiện

The clerk debits the customer's account for the purchase.

Definition

1. Noun:

   • An accounting entry recording a sum owed or an expense incurred: In bookkeeping, a "debit" is an entry made on the left side of an account ledger, representing an increase in assets or expenses, or a decrease in liabilities, equity, or income.
   • A sum of money taken from an account, especially a bank account: The amount of money withdrawn or charged against an account balance.

2. Verb:

   • To record an amount as owed or as taken from an account: The act of making a debit entry in an account, thereby increasing its debit balance or decreasing its credit balance.
   • To charge (a sum of money) against someone's account: To withdraw funds from or assign a charge to a specific account.

Examples of Usage

• Noun:

  • The bank statement showed a debit of $50 for the service fee.
  • In double-entry accounting, every transaction requires both a debit and a credit.

• Verb:

  • The bank will debit your account for the amount of the check.
  • Please debit the expense to the "Office Supplies" account.

Advanced Usage

• "Direct debit": An arrangement where a company is authorized to automatically withdraw variable amounts from a customer's bank account to pay for bills.

  • I set up a direct debit to pay my electricity bill every month.

• "Debit balance": The condition of an account where the total of the debit entries exceeds the total of the credit entries.

  • The cash account typically has a debit balance.

• "Debit side": The left-hand side of a ledger account where debits are recorded.

  • All asset increases are recorded on the debit side.

Variants and Related Words

• Debit card (n): A payment card that deducts money directly from a consumer's checking account to pay for a purchase.

  • I prefer using a debit card to avoid credit card debt.

• Debitor (n, archaic): A debtor; a person who owes money.

• Debited (adj): Describing an amount that has been recorded as a debit.
  • The debited amount will appear on your next statement.

Synonyms

• Charge (n/v): A financial liability or the act of imposing one.
• Withdrawal (n): The act of taking money out of an account.
• Deduction (n): An amount subtracted.

Antonyms

• Credit (n/v): An accounting entry on the right side, representing an increase in liabilities, equity, or income, or a decrease in assets/expenses; or the act of adding funds to an account.

Related Phrases

• To debit an account against/with someone: To record a debt as chargeable to a particular person or account. (Formal/Accounting)
  • The cost was debited against the client's deposit.

Idioms

• On the debit side (of the ledger) (Idiom): Used figuratively to list the disadvantages or negative aspects of a situation.
  • On the debit side of the ledger, the project was significantly over budget.

Học thuật

Noun

1. an accounting entry acknowledging sums that are owing

Verb

1. enter as debit

Từ đồng nghĩa

• debit entry