Difference between revisions of "Debit"
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[[Debit]] (alternatively known as [[debit entry]] and commonly abbreviated [[Dr]] because of Latin ''debere'') is any entry into [[financial book]]s that either increases [[asset-origin account]]s or decreases [[equity-origin account]]s. Any [[journal entry]] contains at least one [[debit entry]]. | [[Debit]] (alternatively known as [[debit entry]] and commonly abbreviated [[Dr]] because of Latin ''debere'') is any entry into [[financial book]]s that either increases [[asset-origin account]]s or decreases [[equity-origin account]]s. Any [[journal entry]] contains at least one [[debit entry]]. | ||
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| + | ==Definitions== | ||
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Debit]]. | ||
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| + | ==Related concepts== | ||
| + | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
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| + | ==Related coursework== | ||
| + | *[[Bookkeeping Quarter]]. | ||
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| + | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 11:56, 15 December 2018
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 entry.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
