Debit - Law Dictionary Search Results
Debit
Matched in: Term Debit
Debit
Matched in: Term Debit
Debit card
Matched in: Term Debit card
Keep your definitions linked to case research
Insuper
Insuper, debiting or charging a person in an account, Exchequer term. See an example of its use in (English) Taxes
bad debt expense
year in accounts that are not collectable. Your company would make the following accounting entries each month: a debit to your "bad debt expense" account in the amount of $100, and a credit to your "allowance for
bad debt recovery
When this happens, you must adjust your accounts. Your company's adjusting entries would look something like this: A debit to accounts receivable in the amount of $500 and a credit to allowance for bad debts in the
charge
expense b : the price demanded for something (as admission or use) [a finance ] c : a debit to an account ;esp : a debit resulting from unexpected operating expenses [a against earnings] 4 : a
Audit
comparison of vouchers with entries of payment, in order that the party whose accounts are audited may not debit his employer with payments not in fact made. An administrative audit is a comparison of payments with authorities
Double entry
among merchants to signify that books of account are kept in such a manner that they present the debit and credit of every transaction. It is used in contradistinction to single entry
Single entry
to credit an individual or thing, as distinguished from double entry, which is an entry of both the debit and credit accounts of a transaction. See DOUBLE ENTRY.
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Debit - Law Dictionary Search Results
Debit
Matched in: Term Debit
Debit
Matched in: Term Debit
Debit card
Matched in: Term Debit card
Keep your definitions linked to case research
Insuper
Insuper, debiting or charging a person in an account, Exchequer term. See an example of its use in (English) Taxes
bad debt expense
year in accounts that are not collectable. Your company would make the following accounting entries each month: a debit to your "bad debt expense" account in the amount of $100, and a credit to your "allowance for
bad debt recovery
When this happens, you must adjust your accounts. Your company's adjusting entries would look something like this: A debit to accounts receivable in the amount of $500 and a credit to allowance for bad debts in the
charge
expense b : the price demanded for something (as admission or use) [a finance ] c : a debit to an account ;esp : a debit resulting from unexpected operating expenses [a against earnings] 4 : a
Audit
comparison of vouchers with entries of payment, in order that the party whose accounts are audited may not debit his employer with payments not in fact made. An administrative audit is a comparison of payments with authorities
Double entry
among merchants to signify that books of account are kept in such a manner that they present the debit and credit of every transaction. It is used in contradistinction to single entry
Single entry
to credit an individual or thing, as distinguished from double entry, which is an entry of both the debit and credit accounts of a transaction. See DOUBLE ENTRY.
- ‹ Prev
- 2
- 3
- Next ›
- Last »
Try the research workspace - 7 days free