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Bookkeeping Concepts

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What does a debit signify in bookkeeping?

In bookkeeping, a debit can signify an increase in an asset, an expense, and the owner's draws. A debit can also signify a decrease in a liability, revenues, and owner's equity.

A debit is one-half of bookkeeping's double-entry system. The other half is a credit.

A debit is also the amount entered on the left-side of a T-account.