Investopedia / Madelyn Goodnight In a double-entry accounting system, debits are the opposite of credits. In a standard journal entry, all debits are placed as the top lines, while all credits are ...

Double-entry transactions, called journal entries, are posted in two columns, with debit entries on the left and credit entries on the right, and the total of all debit and credit entries must ...

The appropriate journal entry for this would be an adjusting entry. The department would debit the receiving department(s') supplies expense object codes for a portion of the total supplies purchase ...