Debit

What does it mean?
An accounting entry which results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in your bank account.

In Other Words...
The opposite transaction is called a credit.

Related Links
Introduction to Fundamental Analysis - Here's an easy-to-understand tutorial on the techniques of analyzing a company's financial statements, including the annual and quarterly reports, the auditor's report, and much more.

Related Terms
Accounting | Asset | Balance Sheet | Credit | Debt | Generally Accepted Accounting Principles - GAAP | Liability

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