What is another word for debit entry?

Pronunciation: [dˈɛbɪt ˈɛntɹi] (IPA)

Debit entry is a term that is used to describe a transaction that involves the recording of money going out of an account. Synonyms for this term include debit transaction, withdrawal, charge, deduction, expense, and outflow. In accounting, a debit entry is used to decrease the balance of an account, such as a bank account or an expense account. It is the opposite of a credit entry, which increases the balance of an account. Understanding the various synonyms for debit entry can be helpful in communicating effectively about financial transactions and in managing financial accounts accurately. These terms are useful for bookkeepers, accountants, and anyone who deals with financial records.

Synonyms for Debit entry:

What are the hypernyms for Debit entry?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    accounting entry, financial transaction, BUSINESS TRANSACTION, business record.

What are the opposite words for debit entry?

The antonym of 'debit entry' is 'credit entry'. A debit entry is an accounting entry that represents an increase in assets, while a credit entry represents a decrease in assets. A credit entry is recorded when money is received, and a debit entry is recorded when money is paid out. For example, if a company purchases inventory on credit, the entry would be a credit to accounts payable and a debit to inventory. Conversely, if an invoice is paid, the entry would be a debit to accounts payable and a credit to cash. Therefore, a credit entry is the opposite of a debit entry, representing a decrease in assets instead of an increase.

What are the antonyms for Debit entry?

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