👉 In accounting, a debit is a record in which an account's balance decreases. It generally shows transactions that are recorded as negative amounts (negative numbers). For example: - If you purchase a product for $50 and pay with cash, your credit card would be credited with the amount of $50. - If you receive a check from someone else, you would have an account balance of $50. Debits can also appear in other financial statements and records. For instance: -
