Debiterade

Debiterade is a Swedish term used in accounting to describe an entry on the debit side of an account. In double-entry bookkeeping, every transaction is recorded with both a debit and a credit. A debit entry typically increases assets and expenses, or decreases liabilities, equity and revenue, depending on the type of account involved. The exact effect follows the rules of accounting: debits increase assets and expenses, and decrease liabilities, equity and revenue; for some accounts the effect may differ, but the general principle is that the debit side is one half of the journal entry.

Usage and placement: Debiterade entries appear in journal entries and ledgers. The debited account is the one to which the amount is added on the debit side, while the credited account is the one from which the amount is taken on the credit side. The two sides must balance.

Examples:

- A company purchases office supplies for 2,000 SEK in cash: Debit Office supplies 2,000; Credit Cash 2,000.

- Services billed to a customer on account: Debit Accounts receivable 5,000; Credit Revenue 5,000.

Context and terminology: In everyday banking and invoicing, debitering refers to charges against an account, typically reducing the account balance. The term debiterade can also refer to the amount that has been charged to an account (debiterat belopp). The opposite term is krediterade, which denotes a credit entry.

See also: krediterade.