debit - Meaning in Kannada
debit - Meaning in Kannada
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Definitions and Meaning of debit in English
debit noun
- an accounting entry acknowledging sums that are owing
Synonyms
debit entry
debit verb
- enter as debit
Description
Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account. Each transaction transfers value from credited accounts to debited accounts. For example, a tenant who writes a rent cheque to a landlord would enter a credit for the bank account on which the cheque is drawn, and a debit in a rent expense account. Similarly, the landlord would enter a credit in the rent income account associated with the tenant and a debit for the bank account where the cheque is deposited.
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What is debit meaning in Kannada?
The word or phrase debit refers to an accounting entry acknowledging sums that are owing, or enter as debit. See debit meaning in Kannada, debit definition, translation and meaning of debit in Kannada. Find debit similar words, debit synonyms. Also learn debit opposite words, debit antonyms. Learn and practice the pronunciation of debit. Find the answer of what is the meaning of debit in Kannada.
Other languages: debit meaning in Hindi
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What is debit meaning in Kannada, debit translation in Kannada, debit definition, pronunciations and examples of debit in Kannada.