Assertion: ledger's account | /r/HasProperty | debited
Facets:
Source sentences:
text: Which account will be debited and which account will be credited?
text: Accounting laws in some countries mean that general ledger accounts should have a zero balance at the close of business since these accounts are pass-through accounts and no debits or credits can permanently impact the balance of the general ledger account.
text: These accounts are debited and credited to record transactions throughout the year.
text: Under this method, each transaction affects at least two accounts; one account is debited, while another is credited.
text: Create your journal entry by entering the title of the account that will be debited first, then the amount.
text: These accounts are debited and credited to record transactions throughout the year.
text: It involves transferring of debits and credits from journal book to the ledger accounts, if an account in a journal entry has been debited it will be posted in the ledger account by entering the same amount on the debit side/column of the respective ledger account.
text: After classification, accounts are to be debited and credited and transactions are journalized as per some fixed rules.