Encyclopedia

Debit. An accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned on […]

Debit: An entry recording an expense or asset increase (opposite of credit).

Depreciation. A non-cash expense that shows an asset’s loss of value due to usage and/or time.

Depreciation: The gradual reduction in the value of an asset over time.

Dividends: Profits distributed to shareholders.

Double-Entry System: The accounting method where every transaction affects at least two accounts (debit and credit).

(1) Procedures performed by underwriters in connection with the issuance of a SECURITIES EXCHANGE COMMISSION (SEC) registration statement. These procedures involve questions […]