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Name given to the left side of a ledger account or T-account. It is in this column where charges are noted. It is also one of the two parties dividing current accounts. The columns under this heading are comprised of all amounts charged to the individual or entity to whom the account belongs.

The right side of the T-account is referred to as credit. When assets, expenses, and losses increase in value when noted in the left of the ledger account (debit); therefore, when they decrease when noted in the right (credit). On the other hand, owner´s equity, revenues, and gains decrease on the left side (debit), and increase on the right side (credit). The difference between the total debits and total credits in a single account is the account´s balance. If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance.