What is debit in SAP SRD-FIN-ACC - FIN-Financial Accounting?

SAP Term: debit

• Component: SRD-FIN-ACC

• Component Name: FIN-Financial Accounting

• Description: A sum of money to be paid to a creditor.

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• Key Concepts: 
  Debit is an accounting term used to describe a transaction that increases the balance of an asset or expense account, or decreases the balance of a liability, equity, or revenue account. In SAP, debit is used to refer to the left side of a journal entry. 
  
  How to use it: 
  In SAP SRD-FIN-ACC FIN-Financial Accounting, debit is used to refer to the left side of a journal entry. When recording a journal entry, the debit side will always be listed first and will be the account that is increased in value. 
  
  Tips & Tricks: 
  When recording a journal entry in SAP SRD-FIN-ACC FIN-Financial Accounting, it is important to remember that the debit side will always be listed first and will be the account that is increased in value. 
  
  Related Information: 
  For more information on debit and other accounting terms, please refer to the SAP SRD-FIN-ACC FIN-Financial Accounting documentation.