Debit Entry (Noun)
Meaning
An accounting entry acknowledging sums that are owing.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The accountant made a debit entry to reflect the company's outstanding debt to the supplier.
- A debit entry was recorded in the ledger to account for the unpaid invoices.
- The financial statement included a debit entry for the amount owed to the bank.
- The company's accountant made a debit entry to acknowledge the sum owing to the tax authority.
- A debit entry was made in the accounting records to reflect the amount due to the creditor.