Definition, Meaning & Synonyms

debit-side

noun

/ˈdɛbɪt saɪd/

Definition

The part of an accounting ledger that records debits, or money that is owed or spent.

Examples

The debit-side of the ledger showed a significant increase in expenses last month.
When balancing the account, ensure that all entries are recorded on the appropriate debit-side.

Meaning

In accounting, the debit side refers to the side of an account where entries are made to increase assets or decrease liabilities. It represents expenditures and losses in financial statements.