Assertion: ledger's entry | /r/HasProperty | debit
Facets:
value: to equipment
type: TRANSITIVE-OBJECT
value: for 5,000
type: TRANSITIVE-OBJECT
value: to cash
type: TRANSITIVE-OBJECT
Source sentences:
text: A unified accounting system works differently; it is a single book in which two entries, a debit and credit, are made at the same time.
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