Hello The Guardian Quick Crossword Fans!
We are here to help you with getting the right answer for the crossword clue "Accounting entry showing sums owing".
Please check the best solution below:
a double-entry system of bookkeeping, where each debit has a corresponding credit entry a further debit of £21 6s 6d had been received from the Locomotive Department $10,000 was debited from their account
The Crossword clue "Accounting entry showing sums owing" published 2 time/s & has 1 answer/s.
We are here to help you with getting the right answer for the crossword clue "Accounting entry showing sums owing".
Please check the best solution below:
Best Answer:
DEBIT
Understanding Today's Crossword Puzzle
The clue for today's crossword puzzle is "Accounting entry showing sums owing" and the answer for this clue is "DEBIT".
This clue has this answer because:
- Accounting entry: The clue indicates that we are looking for a term related to accounting. Accounting entries are transactions recorded in financial statements to track the flow of money in and out of a company.
- Showing sums owing: The second part of the clue suggests that the answer should represent an entry that reflects amounts owed by someone or something.
- DEBIT: When we consider these aspects, the answer "DEBIT" perfectly fits the clue. In accounting, a debit entry is made to record increases in assets and expenses, as well as decreases in liabilities and revenue. It is used to show amounts owed or the reduction of credit balances.
In conclusion, the answer "DEBIT" accurately matches the clue "Accounting entry showing sums owing" as it aligns with the concept of debits in accounting, which represent amounts owed.
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Click Here >>> (21 August 2018)
Definition of "DEBIT"
an entry recording a sum owed, listed on the left-hand side or column of an account
Example :The Crossword clue "Accounting entry showing sums owing" published 2 time/s & has 1 answer/s.
Crossword | Date | Answer |
The Guardian Quick | 21 August 2018 | DEBIT |
The Guardian | 20 August 2018 | DEBIT |
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