Assertion: debit's account | /r/HasProperty | credited
Facets:
Source sentences:
text: Whenever you record an accounting transaction, one account is debited and another account is credited.
text: The basic principle is that the account receiving benefit is debited, while the account giving benefit is credited.
text: Personal accounts : Receiver's account is debited and giver's account is credited.
text: To do this, the account will need to be credited twice: once to cancel the debit entry and a second time to create the correct credit balance.
text: At least one account will be debited and at least one account will be credited.
text: Whenever cash is received, the asset account Cash is debited and another account will need to be credited.
text: In accounting terms, however, if a transaction causes a company's checking account to be credited, its balance decreases.
text: Therefore, another account will need to be credited.
text: For example, in the case of dividend payment or refund of application money for shares, the account of the remitting company is debited and the accounts of shareholders/applicants of shares are credited.
text: In the case of debit transfer, many accounts are debited and a single account is credited.
text: Thus, a large number of accounts in different banks of electricity consumers are debited, and the account of electricity company is credited.