debit balance

Frequency: 4.01.5 per million words

An accounting term for when the total debits in an account exceed the total credits.

Categories:

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?