DEBIT RECORD Definition

Bookmark and Share

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.

Learn new Accounting Terms

CMI see COST MANAGEMENT INDEX.

DISCOUNTED VALUE is the present value of the sum of future payments after they has been discounted back. The higher the discount rate used, the lower the present value of the future sum.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.