debit balance definition
A balance on the left side of an account in the general ledger. Typically expenses, losses, and assets have debit balances.
A balance on the left side of an account in the general ledger. Typically expenses, losses, and assets have debit balances.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.