on the debit side
US /ɑn ðə ˈdɛbɪt saɪd/
・UK /ɒn ðə ˈdebɪt saɪd/
B2
prep.PrepositionListed as a debit entry in accounting records.
The expenses appear on the debit side of the ledger.
Video subtitles
Auditing Accounts Receivable - Part 2 - tests of controls and substantive procedures
- All right, so if most of the company's sales are on credit, then when you've gathered evidence to prove that the sale is correct, the credit side of the transaction, then you're also gathering information on the debit side.
All right, so if most of the company's sales are on credit, then when you've gathered evidence to prove that the sale is correct, the credit side of the transaction, then you're also gathering information on the debit side.