Home >  Term: debit posting
debit posting

In double-entry accounting, an entry on the left side (debit side) of an account. Each business transaction requires a debit and a credit posting using at least two different accounts, that is, one account is debited and the other one credited.

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  • Part of Speech: noun
  • Industry/Domain: Software
  • Category: ERP
  • Company: SAP

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  • Kristen
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