Debit vs Tax - What's the difference?
debit | tax |
In bookkeeping, an entry in the left hand column of an account.
A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.
To make an entry on the debit side of an account.
To record a receivable in the bookkeeping.
of or relating to process of taking money from an account
of or relating to the debit card function of a debit card rather than its often available credit card function {as used by US Postal Service, Walmart, and other payees
Money paid to the government other than for transaction-specific goods and services.
* {{quote-magazine, date=2013-05-17
, author=George Monbiot, authorlink=George Monbiot
, title=Money just makes the rich suffer
, volume=188, issue=23, page=19
, magazine=(The Guardian Weekly)
A burdensome demand.
A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject.
(obsolete) charge; censure
(obsolete) A lesson to be learned.
To impose and collect a tax from (a person).
To impose and collect a tax on (something).
To make excessive demands on.
* Do not tax my patience.
* '>citation
As nouns the difference between debit and tax
is that debit is flow, rate of flow while tax is money paid to the government other than for transaction-specific goods and services.As a verb tax is
to impose and collect a tax from (a person).debit
English
(wikipedia debit)Noun
(en noun)- A cash sale is recorded as debit on the cash account and as credit on the sales account.
Derived terms
* debit cardSee also
* creditVerb
(en verb)- ''We shall debit your account for the amount of the purchase.
- We shall debit the amount of your purchase to your account.
Adjective
(-)Antonyms
* creditDerived terms
* debit cardExternal links
* *Anagrams
*tax
English
(wikipedia tax)Noun
citation, passage=In order to grant the rich these pleasures, the social contract is reconfigured. […] Essential public services are cut so that the rich may pay less tax . The public realm is privatised, the regulations restraining the ultra-wealthy and the companies they control are abandoned, and Edwardian levels of inequality are almost fetishised.}}
- a heavy tax on time or health
- (Clarendon)
- (Johnson)
Synonyms
* (money paid to government) impost, tribute, contribution, duty, toll, rate, assessment. exaction, custom, demand, levyAntonyms
* (money paid to government) subsidyHyponyms
(types of taxes) * church tax * corporation tax * duty * estate tax * excise * excise tax * gift tax * goods and services tax * gross receipts tax * head tax * income tax * inheritance tax * land tax * poll tax * property tax * personal property tax * real property tax * sales tax * sin tax * sumptuary tax * transfer tax * use tax * utilities tax * value added taxCoordinate terms
(other government revenues) * fine * license fee * penalty * seignorage * user chargeDerived terms
* tax collector * tax haven * tax hike * taxman * tax free * tax rise * taxes due * taxpayerVerb
(es)- Some think to tax the wealthy is the fairest.
- Some think to tax wealth is destructive of a private sector.