debit entry (Meaning)
Wordnet
debit entry (n)
an accounting entry acknowledging sums that are owing
Synonyms & Antonyms of debit entry
No Synonyms and anytonyms found
debit entry Sentence Examples
- The accountant recorded the purchase as a debit entry in the company's ledger.
- A debit entry indicates an increase in assets or a decrease in liabilities.
- To balance the books, there must be an equal credit entry for every debit entry.
- The manager reviewed the debit entry to confirm the accuracy of the transaction.
- The debit entry reflected the payment made to the supplier for raw materials.
- Each debit entry must be accompanied by a corresponding explanation or reference.
- The debit entry for the insurance premium was mistakenly recorded twice, causing an imbalance in the accounts.
- The bank reconciled the debit entry with the customer's records to resolve the discrepancy.
- The debit entry for the returned merchandise was promptly processed to ensure accurate financial reporting.
- The auditor scrutinized every debit entry in the financial statements to detect any errors or irregularities.
FAQs About the word debit entry
an accounting entry acknowledging sums that are owing
No synonyms found.
No antonyms found.
The accountant recorded the purchase as a debit entry in the company's ledger.
A debit entry indicates an increase in assets or a decrease in liabilities.
To balance the books, there must be an equal credit entry for every debit entry.
The manager reviewed the debit entry to confirm the accuracy of the transaction.
