debiting
Taking from account
Debiting is the act of subtracting money from an account.
Banks debit accounts for purchases, fees, or withdrawals: After debiting the monthly service charge, my balance was nearly zero.
In double-entry bookkeeping, debiting records an entry on the left side of a ledger, increasing assets or expenses while decreasing liabilities or equity.
Act of taking away
- transactionExchange of goods/money
- accountRecord of dealings
- balanceSteadiness or amount owed
- fundsAvailable financial resources
overdraft · checking · savings · ATM · bank · outflow · transfer · statement
Financial record book
- journalRecord of daily events
- entryAccess or submission
- bookkeepingRecording financial transactions systematically
- double-entryAccounting with paired entries
credit · accounts receivable · general ledger · trial balance · reconciliation · accruals · adjustments · chart of accounts
withdrawal
Act of taking away
- transactionExchange of goods/money
- accountRecord of dealings
- balanceSteadiness or amount owed
funds · overdraft · checking · savings · ATM · bank · outflow · transfer · statement · recurring
ledger
Financial record book
- journalRecord of daily events
- entryAccess or submission
- bookkeepingRecording financial transactions systematically
double-entry · credit · accounts receivable · general ledger · trial balance · reconciliation · accruals · adjustments · chart of accounts · financial statements
- business proceduresrecording, processing, documenting, approving, verifying
debitingcrediting
Assigning recognition to someone
credit · depositing · refunding · funding · reimbursing