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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.
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What does it mean when a transaction is debited to your account?
When a transaction is debited to your account, it means that the amount of money has been taken out or deducted from your account.
Is Direct Labor credited or debited?
debited
When the seller is paid the customer's account is.credited or debited?
debited
When December rent is paid in November to which account is it debited?
Prepaid Rent is debited.
When December rent is paid in November which accounts is it debited?
Prepaid Rent is debited.
When December rent is paid in November it is debited to accounts?
Prepaid Rent is debited.
When December rent is paid in November which account is debited?
Prepaid Rent is debited.
Is commission received debited or credited in the cashbook?
Commission received is credited and cash is debited
What does Adjustment reversal from Chase bank mean?
It means that Chase reversed an adjustment that they previous debited or credited to your account.
Is debited a deduction?
yes debited is a deduction from the account as it only taked whats int your account out if you have enough
What does it mean if your account is debited?
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....
What is unexpired interest?
an asset, which is debited!
