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