Today we shall help you to get the solutions to "Ledger entry" crossword clue, please check out the best answer below:
Understanding Today's Crossword Puzzle
The clue for today's crossword puzzle is "Ledger entry" and the answer is "DEBIT". This clue has the answer "DEBIT" because it is directly related to accounting and the ledger system. Let's explore the connection between the clue and the answer:
- Ledger: In accounting, a ledger is a book or a computer file used to record financial transactions. It is a key component of the accounting system and provides a detailed record of all transactions.
- Entry: An entry in the ledger refers to the recording of a transaction. It could be a debit or a credit, depending on the nature of the transaction.
- DEBIT: In accounting, a debit is an entry made on the left side of a ledger account to record an increase in assets or expenses, or a decrease in liabilities or equity. It represents money going out or an expenditure.
Therefore, the clue "Ledger entry" leads us to the answer "DEBIT" because a debit is a specific type of entry made in the ledger system. It accurately describes the recording of a transaction involving an increase in expenses or a decrease in liabilities or equity.
By solving this crossword puzzle, visitors can learn about accounting terms and concepts such as debit, credit, and ledger entries. It helps them expand their knowledge and understanding of financial management. Happy solving!
More Answers:
- DEBIT
- ITEM
- ASSET
- CREDIT
- LINEITEM
Definition of "DEBIT"
an entry recording a sum owed, listed on the left-hand side or column of an account
Example :The Crossword clue "Ledger entry" published 86 time/s & has 5 answer/s.
Crossword | Date | Answer |
Eugene Sheffer – King Feature Syndicate | 20 March 2024 | DEBIT |
Daily American | 2 March 2024 | DEBIT |
Star Tribune | 28 February 2024 | ITEM |
Lovatts Universal | 25 December 2023 | DEBIT |
Penny dell | 29 September 2023 | ITEM |
Crossword Champ Pro | 26 September 2023 | DEBIT |
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