Debit
A debit is an entry on the left side of an account, used in double-entry bookkeeping to record financial transactions. It increases asset and expense accounts while decreasing liability, equity, and revenue accounts, fundamentally impacting a business's financial statements. Understanding debits is crucial for accurate financial reporting, managing cash flow, preparing tax returns, and ensuring compliance across all accounting and invoicing processes.
Translations
| Language | Code | Translation |
|---|---|---|
| English | en | Debit |
| Svenska | sv | Debet |
| Norsk | no | Debit |
| Dansk | da | Debet |
| Suomi | fi | Debet |
| Polski | pl | Winien |
| Română | ro | Debit |
| Magyar | hu | Tartozik |
| Bahasa Indonesia | id | Debit |
| Tiếng Việt | vi | Nợ |
| 日本語 | ja | 借方 |
| 한국어 | ko | 차변 |
Related Terms
Debit note · Debit balance · Debit memo · Direct debit
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