The word ‘debit’ comes from the Italian term ‘debito‘, which comes from Latin term ‘debita‘. So, it is the destination that enjoys the benefit of the transaction. If you understand the components of the balance sheet, the formula will make sense to you. In a nutshell, when a financial transaction occurs, it affects two accounts. Debit and credit are two important accounting tools that provide a base for every business certified b corporation transaction. The total of debits should always