A debit entry is a bookkeeping transaction that decreases the balance of an asset account. For example, when you make a purchase, you would debit the cash account, reducing its balance. Debit entries are also known as “drains”, as they represent money flowing out of the business. This type of transaction must be balanced with a corresponding credit entry, which adds to a different account’s balance. Debit entries can also refer to transactions made using a bank card or other form of payment – in this case, the amount due is debited from your account balance.