Assertion: debit's account | /r/HasAspect | debit balances
Facets:
value: typically
type: DEGREE
value: within the general ledger
type: LOCATION
Source sentences:
text: Within the general ledger, these accounts are expected to have debit balances: assets, expenses, and the owner's drawing account.
text: If the sum of the debit side is greater than the sum of the credit side, then the account has a "debit balance".
text: —these accounts have debit balances because they are reductions to sales.
text: Typically, the accounts for assets and expenses will have debit balances.
text: When total debits are greater than total credits, the account has a debit balance, and when total credits exceed total debits, the account has a credit balance.