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Rai9999 Posted 11 years ago
Letter Writing

debt and debit

debt and debit

what's the differences of them..? Can somebody can explain more? I've already looked up in dictionary still no idea thanks
  

Top answer

Truly, this has puzzled many people. "Debt" concerns money owed, and for which you are expected to make a payment. A mortgage, for example.

  • Truly, this has puzzled many people.
  • "Debt" concerns money owed, and for which you are expected to make a payment.
  • A mortgage, for example.
  • "Debit" has opposing meanings, depending on where you see it.
  • In bookkeeping terms, it is the left side of a journal (or of your bank statement).
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2 Answers
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Truly, this has puzzled many people.
"Debt" concerns money owed, and for which you are expected to make a payment. A mortgage, for example.
"Debit" has opposing meanings, depending on where you see it. In bookkeeping terms, it is the left side of a journal (or of your bank statement). (The right side is called the "Credit" column.)
When you withdraw money from your bank account, the
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wilpeterTruly, this has puzzled many people."Debt" concerns money owed, and for which you are expected to make a payment. A mortgage, for example."Debit" has opposing meanings, depending on where you see it. In bookkeeping terms, it is the left side of a journal (or of your bank statement). (The right side is called the "Credit" column.)When you withdraw money from your b

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