Assertion: general ledger's entry | /r/HasProperty | debit
Facets:
value: on the right side
type: LOCATION
value: to equipment
type: TRANSITIVE-OBJECT
value: for 5,000
type: TRANSITIVE-OBJECT
value: to cash
type: TRANSITIVE-OBJECT
Source sentences:
text: Charge a tenant for rent, services, late fees (or basically anything): Creates an entry to increase (credit) an income account and increase (debit) the receivable account associated with the type of charge and the tenant’s development.
text: One entry is a debit and the other is a credit.
text: For each business transaction, there are two entries – a debit and a credit.
text: The first entry to the general ledger would be a debit to Cash, increasing the assets of the company, and a credit to Equity, increasing Lucie’s ownership stake in the company.
text: If Lucie purchases some shelving units for $5,000 on the company credit card, the next entry to the general ledger would be a debit to Equipment for $5,000, increasing the assets of the company, and a credit to Credit Card
text: The entries, called journal entries, are debits and credits.
text: Entries on the left side are debits and entries on the right side are credits.