DEBIT

comes from Latin debitum meaning a debt. Now in bookkeeping, the word is used to describe any entry made on the left-hand side of an account but the making of a left-hand entry does not always mean the recording of a debt. If a left-hand entry is made to an impersonal account of the organization, it means the recording of the receipt of a MEST, service or money particle-it is not recording a debt. (BPL 14 Nov 70 III)