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Raredebits
The correct spelling is debits.
How to pronounce debits
noun
Say it like: Deb-its
The correct spelling is debits. In bookkeeping, an entry in the left hand column of an account. For example: "A cash sale is recorded as debit on the cash account and as credit on the sales account."
Usage Examples
“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.”
Meanings
noun
- 1.In bookkeeping, an entry in the left hand column of an account.
- 2.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
- 1.To make an entry on the debit side of an account.
- 2.To record a receivable in the bookkeeping.
Similar words
Words related in meaning — check their spelling too.