This explains debit in business

[Reedex]

The debt in a business must be properly managed so that it will prevent a business from going bankrupt.

 

[Chibson]

There are so many ways you could incur debt in a business and it could come from mismanagement.

Mismanagement is one of the major reason people incur losses in their businesses. If a business is not well managed losses are bound to incur.

 

[Starmix]

Debit done by accountants can reduce the liabilities of the business owner. They know how to balance accounting entries. It's good to hire them to reduce tax payments. That's their technique.

 

[IB D]

When debits is made on accounts, the asset reduces. That's why when your bank debits you, your bank account statement is reduced from what it was before.