Check technology producing record of debt (4)

I believe the answer is:

chit

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'record of debt' is the definition.
'chit' can be an answer for 'debt' (thesaurus). I'm unsure of the 'record of' bit.

'check technology' is the wordplay.
'check' becomes 'ch' (abbreviation).
'technology' becomes 'IT' (Information Technology).
'ch'+'it'='CHIT'

'producing' acts as a link.

Can you help me to learn more?

(Other definitions for chit that I've seen before include "Voucher; anag. of 6" , "Short note of money owed or received" , "Brief note" , "struck" , "Impudent girl" .)

I've seen this clue in The Irish Times.

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