debit entry


Also found in: Dictionary.
Related to debit entry: credit entry
Graphic Thesaurus  🔍
Display ON
Animation ON
Legend
Synonym
Antonym
Related
  • noun

Synonyms for debit entry

an accounting entry acknowledging sums that are owing

References in periodicals archive ?
To demonstrate a debit entry, suppose student-payor (Receiver) wants to make a payment to lender-payee (Originator) on his student loans.
(40) The Operating Rules state that the Receiver must report unauthorized ACH debit transactions to the RDFI within fifteen calendar days from the date the RDFI sends or makes available to the Receiver information relating to the debit entry. (41) If such a report is made, the RDFI is obligated to promptly credit the amount of the debit entry.
For example, supposed in the student loan debit entry scenario above, TD Bank erroneously submits the debit entry to Bank of America a week too early; yet Bank of America is unaware of the agreement between student and lender, so it debits student's account for $100 and returns the entry to TD Bank.
We need to convert the credit entry to plant cost to its correct debit entry, so again the amount of $32,000 will be posted twice and the suspense account used to balance the entry as follows:
The debit entry needs to be made into a credit entry, so $380 will be posted twice and the suspense account used to balance the entry as follows: Cr Bank: 2 x $380 = $760.
Thus, the debit entry to the allowance at December 31, 2012, should have been $1,200, not $1,400, and the December 31, 2012, balance in the allowance should be an $800 credit.
That it now costs less to obtain this same software from foreigners means that its consumption value can be met with a smaller debit entry in the living-standard ledger.
The debit entry to "insurance expense" in the income statement serves to increase the debit balance or increase insurance expense.
She offered me her sincere apologies and cancelled the debit entry on my account.
The voided check is handed back to the customer with a receipt, and the data is converted into an automated clearinghouse (ACH) debit entry.
ACH-Based Electronic Check: A payment that begins as a source document is converted into an ACH debit entry; or a payment that begins as a paper check is truncated to an ACII debit entry.
That is the only proven debit entry in an otherwise spotless book of credit, but there may be another.
The reason behind this advice is that, if the corresponding debit entry in the merchandise account were lower, the merchant might think the merchandise cost less and so sell it too cheaply since the apparent profit on the re-sale would appear to be high enough to satisfy him.
A debit entry in a nostro account to transfer a profit to the P&L account is as follows: ...
The voided check is handed back to the customer with a receipt, and the paper-based process is converted into an automated clearinghouse debit entry. This transforms the in-store check cashing process from a paper-based to an electronic transaction.