“An entry recording an increase to an asset or expense or a reduction to a liability, revenue or owner’s equity. Debits are recorded in the left-hand column of an account or a two-column book. Opposite of credit.”
A New York based accounting firm serving clients throughout the United States, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
E-mail: business@lewistaxandaccounting2.com
Phone: +1 (516) 407-3848