In accounting debit is the left side of an account. It general terms it does not mean "charge" though that is what many people take it to mean since that is what it means to them. It is incorrect to say that debit means "charge".
A debit card takes money directly out of your bank account. A credit card, however does not.
debited
debited
Prepaid Rent is debited.
Prepaid Rent is debited.
To debit an account means to record an entry on the left side of an account, indicating that the amount has been taken out or reduced. It represents a decrease in assets or an increase in liabilities or equity in accounting.
Prepaid Rent is debited.
Prepaid Rent is debited.
Commission received is credited and cash is debited
It means that Chase reversed an adjustment that they previous debited or credited to your account.
yes debited is a deduction from the account as it only taked whats int your account out if you have enough
It simply can mean anything. If its a personal account it means I received something. If its a Real Account then that means that an asset has increased. etc etc etc....
Expense