Assertion: expense | /r/HasProperty | recorded as credit
Facets:
value: in double-entry bookkeeping
type: LOCATION
value: to either an asset account
type: OTHER
value: to a liability account
type: TRANSITIVE-OBJECT
Source sentences:
text: In double-entry bookkeeping, expenses are recorded as a debit to an expense account (an income statement account) and a credit to either an asset account or a liability account, which are balance sheet accounts.