Which term describes money owed to Enterprise?

The term "debit" refers to an entry that indicates a sum of money owed, which aligns with the concept of obligations in an enterprise context. When we refer to money owed, we typically signify a liability—money that must be paid back or settled. In accounting, a debit increases assets or expense accounts and decreases liability or equity accounts; thus, when considering debts that a company has to settle, a debit would refer to amounts it needs to pay.

On the other hand, "credit" usually indicates funds received or the obligation of others (such as accounts payable), while "charges" typically refer to specific fees imposed for services or products. An "invoice," while related to the billing process, signifies the document sent to request payment for goods or services rendered, rather than the underlying account status of what is owed. Therefore, in the context of money owed to Enterprise, "debit" conveys the appropriate meaning as it reflects the company's liabilities.