How Do You Spell DEBITING?

Pronunciation: [dˈɛbɪtɪŋ] (IPA)

The word "Debiting" refers to the process of subtracting an amount of money from an account. The IPA phonetic transcription for "Debiting" is /ˈdɛbɪtɪŋ/. The "d" sound is produced by touching the tip of the tongue behind the upper teeth. The "e" sound is pronounced with the tongue in the mid-front position. The "b" sound is produced by closing the lips and releasing them quickly. The "i" sound is pronounced with the tongue in the high-front position, while the "t" sound is produced with the tongue touching the alveolar ridge. Finally, the "ŋ" sound is pronounced with the back of the tongue touching the soft palate.

DEBITING Meaning and Definition

  1. Debiting is a financial term that refers to the action of recording or subtracting an amount of money from a particular account. It is usually associated with a double-entry bookkeeping system, where each transaction has both a debit and a credit entry. When debiting an account, it means that an amount is being removed or deducted from that particular account.

    In accounting, a debit entry is made on the left side of an account, and it represents an increase in assets, expenses, or losses, or a decrease in liabilities, equity, or gains. The opposite of debiting is crediting, where an amount is added or credited to an account.

    Debiting is commonly used to record various financial transactions, including purchases, withdrawals, expense payments, and loan repayments. For example, when an individual withdraws cash from their bank account, the bank will debit the account to reflect the reduction in the balance. Similarly, when a business pays a supplier for goods purchased, the accounts payable account is debited to decrease the liability.

    Debiting is a crucial component of financial record-keeping, ensuring accuracy and accountability in financial reporting. It allows for a comprehensive and thorough analysis of an organization's financial activities and helps track funds flow within various accounts.

Top Common Misspellings for DEBITING *

* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.

Other Common Misspellings for DEBITING

Etymology of DEBITING

The word debiting comes from the noun debit, which originated from the Latin word debitum. Debitum means a debt or what is owed in Latin. Eventually, the noun debit evolved into a verb, giving rise to the word debiting.

Similar spelling words for DEBITING

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