Debit

An Accounting entry which results in either an increase in assets or a decrease in liabilities or Net worth. opposite of Credit.

Related Terms: 7 Account, Accounting, Asset, Credit, Inc., Net, PPO

Other Related Pages: Category: Accounting Starting With: D

Additional Related Terms: Account, Accounting, Accounting equation, Account statement, Accrual basis accounting, Active asset, Adjusting entry, Alternative assets, Asset, Asset/equity ratio