Accountancy term Crossword Clue

A big hello to all Evening Standard - Easy Crossword junkies! Today, we will proceed to solve the crossword clue "Accountancy term". We went over all the recent clues repeatedly and finally, we have the best answer below:

Understanding Today's Crossword Puzzle

In today's crossword puzzle, the clue is "Accountancy term" and the answer is "DEBIT". Let's explore why this clue has this answer.

1. Accountancy: This clue indicates that the answer is related to the field of accountancy or accounting. It directs us to think about terms used in this specific area.

2. Term: The clue mentions that we are looking for a specific term within the field of accountancy. This indicates that the answer should be a single word.

3. DEBIT: The answer "DEBIT" perfectly matches the clue. In accounting, a debit is an entry made on the left side of an account to represent an increase in assets or expenses or a decrease in liabilities or revenue. It serves as an important term in dual-entry bookkeeping, where each transaction has both a debit and credit entry to maintain balance.

4. Accuracy: The answer "DEBIT" accurately reflects the clue by being a concise and single-word term commonly used in accountancy.

5. Other Clues: Crossword puzzles often contain multiple clues and answers related to various topics. Today's puzzle may also include clues from different fields, challenging the players to think broadly and have a comprehensive knowledge base.

In summary, the clue "Accountancy term" leads us to the answer "DEBIT" as it precisely matches the description, representing an important concept in the field of accountancy.

Definition of "DEBIT"

an entry recording a sum owed, listed on the left-hand side or column of an account

Example :

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 "Accountancy term" published 7 time/s & has 1 answer/s. 

Crossword	Date	Answer
Evening Standard - Easy	27 November 2024	DEBIT
Metro Quick	22 January 2022	DEBIT