Accounting Dictionary - Letter C

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Credit
is the right side of a T account. Credit is also an entry on the right side of an account. Under the double entry bookkeeping system, credits decrease asset and expense accounts and increase liability, equity, and income (revenue) accounts. Crediting is a verb that means making a credit entry.
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