what does debit means.?

Answer 1

Debit and Debt are 2 different words.

Debit is a deduction from an account.

Debt is money owed.

Answer 2

A debit is when an amount is deducted from a balance

A credit is when an amount is added to a balance

Just remember "d" for "debit" and "d" for "deduct" (some people have trouble remembering the difference between the two words when they're just beginning to learn about them.)

Answer 3

A debit is an accounting term that refers to an increase in an asset account or a decrease to a liability. A credit is the opposite.

From the bank's perspective when you use your debit card, it decreases the bank's liability to you -- thus it is a debit.

Answer 4

debit means that the charge is deducted from your account. That's why you can't spend more Thain is in your account. There is no credit line on a debit card.

Answer 5

You use your Debit card that is from your checking account to pay for things that you buy

Answer 6

like a debit card?....well a debit card takes money straight from your account and a credit card you make a payment later

Answer 7

It means to withdrawl, to remove something (monetary), for instance, if you buy something at the store and you use your check card, the place where you made your purchace debits your account, (takes the money out of your account to pay for what you just bought.)

Answer 8

In Accounting or Banking Term?
Accounting, the money going into ur account
Banking Term-money coming out of ur checking account


See PAKeith is the only know ,like me who knows what they are talking about.

Answer 9

A charge to an established bank account

Answer 10

Debit means the normal balance of ASSET, WITHDRAWAL, & EXPENSE.