Debiting p. pr. & vb. n. : of Debit

Example:
Can a company keep Debiting a closed bank account?

Taxonomy
debit, credit, cash, asset, Debits and credits, transaction, debit account, debit and credit, credit account, OE, liability, debit transaction, perspective, income, expense, accounting, credit value, business entity.

Defination from the web:
... income (expense) by debiting and decrease cash (asset) by credit. when you receive cash for a sale: you increase cash (asset) by debiting and increase sales ... when you buy equipment (asset) with cash: You increase equipment (asset) by debiting and decrease cash (asset) by credit. ...