Debit balance - Revision history

imported>Doug Williamson: Add links.

2022-07-18T22:04:41Z

Add links.

2022-07-18T16:12:55Z

Add link.

2021-08-10T21:59:32Z

Add link.

2020-10-01T15:42:13Z

Add quote: Source The Group Treasurer: an ACT Guide to the first 100 days, page 9.

← Older revision		Revision as of 15:42, 1 October 2020
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	In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).		In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).


			:<span style="color:#4B0082">'''Debit balance miscommunication'''</span>

			:A common miscommunication between the functions of accounting and treasury is the different use of debits and credits. Accountants/controllers are used to posting journal entries where from a balance sheet perspective a debit signifies an increase in value, and a credit a reduction in value. However, for treasury staff a credit is an increase in value, and a debit a reduction. This simple difference is often cause for some awkward conversations between both professions.

			:''The Group Treasurer, An ACT guide to the first 100 days, Page 9.''

2020-04-15T14:23:32Z

Add links.

← Older revision		Revision as of 14:23, 15 April 2020
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	* [[Credit balance]]		* [[Credit balance]]
	* [[Debit]]		* [[Debit]]
			* [[Overdraft]]
			* [[Overdrawn]]
	* [[Profit and Loss account]]		* [[Profit and Loss account]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2018-02-15T13:01:15Z

Categorise.

← Older revision		Revision as of 13:01, 15 February 2018
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	* [[Debit]]		* [[Debit]]
	* [[Profit and Loss account]]		* [[Profit and Loss account]]

			[[Category:Accounting,_tax_and_regulation]]

2018-02-04T21:16:53Z

Layout.

← Older revision		Revision as of 21:16, 4 February 2018
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	1. ''Financial accounting''		1. ''Financial accounting''.

	In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).		In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).


	2. ''Banking''		2. ''Banking''.

	In banking a debit balance - in the bank's records - is one which stands in favour of ~~the bank. The customer owes money to~~ the bank.		In banking a debit balance - in the bank's records - is one which stands in favour of the bank.

	Also known as an overdrawn balance. (Contrasted with a credit, or positive, balance in the bank's records. Being a balance standing in favour of the customer.)		The customer owes money to the bank.

			Also known as an overdrawn balance.

			(Contrasted with a credit, or positive, balance in the bank's records. Being a balance standing in favour of the customer.)

2017-07-05T11:42:57Z

Layout.

← Older revision		Revision as of 11:42, 5 July 2017
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	1.		1. ''Financial accounting''

	~~''Financial accounting.''~~ In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).		In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).


	2.		2. ''Banking''

	~~''Banking.''~~ In banking a debit balance - in the bank's records - is one which stands in favour of the bank. The customer owes money to the bank. Also known as an overdrawn balance. (Contrasted with a credit, or positive, balance in the bank's records. Being a balance standing in favour of the customer.)		In banking a debit balance - in the bank's records - is one which stands in favour of the bank. The customer owes money to the bank.

			Also known as an overdrawn balance. (Contrasted with a credit, or positive, balance in the bank's records. Being a balance standing in favour of the customer.)

2016-05-11T15:57:54Z

Layout.

← Older revision		Revision as of 15:57, 11 May 2016
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	#''Financial accounting.'' In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).		1.
	#''Banking.'' In banking a debit balance - in the bank's records - is one which stands in favour of the bank. The customer owes money to the bank. Also known as an overdrawn balance. (Contrasted with a credit, or positive, balance in the bank's records. Being a balance standing in favour of the customer.)
			''Financial accounting.'' In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).


			2.

			''Banking.'' In banking a debit balance - in the bank's records - is one which stands in favour of the bank. The customer owes money to the bank. Also known as an overdrawn balance. (Contrasted with a credit, or positive, balance in the bank's records. Being a balance standing in favour of the customer.)

2013-08-05T15:06:06Z

Spacing and numbering

← Older revision		Revision as of 15:06, 5 August 2013
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	#''Financial accounting.'' In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).		#''Financial accounting.'' In financial accounting a debit balance is an asset within the balance sheet, or an expense within the profit and loss account (or income statement).
	#''Banking.'' In banking a debit balance - in the bank's records - is one which stands in favour of the bank. The customer owes money to the bank. Also known as an overdrawn balance.		#''Banking.'' In banking a debit balance - in the bank's records - is one which stands in favour of the bank. The customer owes money to the bank. Also known as an overdrawn balance. (Contrasted with a credit, or positive, balance in the bank's records. Being a balance standing in favour of the customer.)
	(Contrasted with a credit, or positive, balance in the bank's records. Being a balance standing in favour of the customer.)