Debiting definition

Debiting





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1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Debit \Deb"it\, v. t. [imp. & p. p. {Debited}; p. pr. & vb. n.
     {Debiting}.]
     1. To charge with debt; -- the opposite of, and correlative
        to, credit; as, to debit a purchaser for the goods sold.
        [1913 Webster]
  


     2. (Bookkeeping) To enter on the debtor (Dr.) side of an
        account; as, to debit the amount of goods sold.
        [1913 Webster]

















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