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debit entry

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Noun1.debit entry - an accounting entry acknowledging sums that are owingdebit entry - an accounting entry acknowledging sums that are owing
accounting entry, ledger entry, entry - a written record of a commercial transaction


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The value of cash lodged will be a debit entry, and the value of cheques issued will be a credit entry.
I am yet to reconcile with the new debit entry that has started appearing in my bank statement.
Timeliness of entries: Each credit entry has to be timely and each debit entry has to be due and owing from the Receiver to the Originator on the settlement date and for a sum specified by the Receiver to be paid to the Originator, or is to correct a previously received erroneous credit entry.
 
 
 
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