debit balance
Frequency: 4.01.5 per million words
An accounting term for when the total debits in an account exceed the total credits.
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Examples (10)
- At the end of the month, the account showed a significant debit balance.
- A debit balance is the normal balance for asset and expense accounts.
- The accountant is working to resolve the unexpected debit balance in the revenue account.
- The trial balance will not balance if a debit balance is incorrectly recorded as a credit.
- Overspending this quarter resulted in a large debit balance in our cash account.
- We project the account will carry a debit balance into the next fiscal period.
- It's crucial to investigate why the accounts payable ledger has a debit balance.
- The final debit balance for the period was calculated after all transactions were posted.
- A persistent debit balance on a liability account needs immediate attention from the finance team.
- Could you explain what a debit balance of $200 on this statement means?