DEBIT Definition

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DEBIT is a record of an indebtedness; specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a revenue, net worth, or liability account.

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STORES are provisions and supplies in inventory that are required for running an entity.

UNITIZE is to separate or classify into units, e.g. auto manufacturers unitize along model designations.

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