DEBIT RECORD Definition

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DEBIT RECORD (DR) is an entry in a double-entry bookkeeping system recording an increase in an asset or an expense, or a decrease in liability, or owners equity item. Debit entries are conventionally made on the left-hand side of T accounts.

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INPUT VAT is the VAT on a companys input supplies. See also VALUE ADDED TAX (VAT).

CIA, in accounting, is an acronym for Certified Internal Auditor; or, Cash in Advance.

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