WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from WordNet

Definitions from the Web

Term: Debit Side

Definition:

The debit side refers to the left-hand side of an accounting ledger or financial statement, where all debits are recorded. It represents the assets, expenses, and losses of a business or individual. On the debit side, amounts are entered in a column that lists the various accounts and their corresponding debits.

Sample Sentences:

1. Please make sure to record all the expenses on the debit side of the ledger.

2. The debit side of the balance sheet shows the company's assets and liabilities.

3. After analyzing the financial statement, it was clear that the debit side outweighed the credit side.

Possible Related Products on Amazon:

- Accounting Ledger: Link

- Accounting 101: Link

- Financial Statement Analysis Book: Link