credit entry

Each transaction's debit entries must equal its credit entries.

However, in August 1967, with all work completed, "the last debit and credit entries were written in the books.

Double-entry bookkeeping is where there is a debit and credit entry for every transaction.

On one occasion he was alarmed to discover that the French accounts showed a debit and credit entry for two million francs.

The corresponding credit entries go to the asset account concerned, reducing the written down value, and to a depreciation reserve account.

One notable credit entry dated January 1, 1770, remarks "Tickets that it is presumed will not be sold - but are not yet returned."

The interests of participants are recorded by credit entries in securities accounts maintained in their names by the operator of the system.

To this end a double-entry system of bookkeeping, where each debit has a corresponding credit entry, will be used, which provides an arithmetic check of the books.

"I have--but I always got mixed up, and used to put credit entries on the debit side, and vice versa--so they fired me out.

She bought necessities, fripperies, and foodstuffs, accompanying each purchase with a running dialogue at the top of her voice and spelling out her name for every credit entry.

The transaction is recorded as a "debit entry" (Dr) in one account, and a "credit entry" (Cr) in a second account.

Each transaction (say, of value £100) is recorded by a debit entry of £100 in one account and a credit entry of £100 in another account.

An account (in bookkeeping) refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries.

Thus in many banks a credit entry on an account ("CR") is regarded as negative movement, and a debit ("DR") is positive - the reverse of usual commercial accounting conventions.

Boone Fawley reckoned that his daddy was soaking up a lot of credit entries on his ledger, listening to the Word from the Book, which is how the old man put it.

Since you insist, I'll take time out and construct some convincing fiction: have her code reported in, for example, from a town in the P-A zones where it can easily take a week for a credit entry to reach the net.

The debit entry will be recorded on the debit side (left-hand side) of a General ledger and the credit entry will be recorded on the credit side (right-hand side) of a General ledger account.

One important breakthrough took place around that time: the introduction of double-entry bookkeeping, which is defined as any bookkeeping system in which there was a debit and credit entry for each transaction, or for which the majority of transactions were intended to be of this form.

The balance sheet is so-called because there is a debit entry and a credit entry for everything (but one entry may be to the profit and loss account), so the total value of the assets is always the same value as the total of the liabilities.

On each settlement date, upon determining that the accounts of the submitting Settlement Members satisfy several risk management tests, CLS simultaneously settles each pair of matched payment instructions by making the corresponding debit and credit entries in the Settlement Members' accounts at CLS.

For example the entries in the Sales Journal are taken and a debit entry is made in each customer's account (showing that the customer now owes us money) and a credit entry might be made in the account for "Sale of class 2 widgets" (showing that this activity has generated revenue for us).

For example, if a purchase invoice for £21 is entered as £12, this will result in an incorrect debit entry (to purchases), and an incorrect credit entry (to the relevant creditor account), both for £9 less, so the total of both columns will be £9 less, and will thus balance.