Assertion: debit | /r/HasSubevent | decrease
Facets:
value: on a company's balance sheet
type: LOCATION
value: in liabilities
type: OTHER
Source sentences:
text: A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.
text: Key Takeaways A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.