Debit

Debit (alternatively known as debit entry and commonly abbreviated Dr because of Latin debere) is any entry into financial books that either increases asset-origin accounts or decreases equity-origin accounts. Any journal entry contains at least one debit. In a T-account, a debit balance is found on the left-hand side. A number entered on the left side of any T-account is said to be debited to this account.

Definitions

Debit. The left-hand side of any account. A number entered on the left side of any account is said to be debited to an account.

Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.