Answer / libin kulamuttom

Debit means writing an entry on the left-hand side of an account.The word debit is comes from the Latin word 'Debere'.That is why it is abreviated as 'Dr'.As per accounting rule expenses and asset will have debit balance.

Answer / prasad

Debit means an expence.

Answer / nishant kumar

Debit is basically the liabilities that are expenced by the
organisation.E.g:-Salary,Wages,Bad Debt,Bonus Intrest on
Loan etc.

any example should cover all three types of account in one entry

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