Outrageously Funny Word Dictionary :: Debiting

👉 Debiting is an action in accounting that involves the transfer of money or assets from one account to another. It typically occurs when a company receives payment or cash from a customer, supplier, or other entity, and it is recorded as an increase in its balance sheet. The purpose of debiting is usually to record the transaction for tax purposes, to show income earned, or to reflect changes in inventory levels.

debiting