debit side

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Definitions from WordNet

Noun debit side has 1 sense

debit side - account of payments owed; usually the left side of a financial statement
--₁ is a kind of accounting, accounting system, method of accounting

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.

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