👉 Debitable, also known as debito or debitor, refers to a person who owes money or has an obligation to pay back something. It is a concept that is particularly relevant in the context of accounting and finance. Debited assets are those items that have been deducted from the total value of the company's assets for its operations. These assets may include fixed assets (such as buildings, machinery, and equipment), operating expenses, or liabilities such as loans or accounts payable. In financial
