Credit (Bookkeeping System)

Business, Legal & Accounting Glossary

Definition: Credit (Bookkeeping System)


Credit (Bookkeeping System)

Quick Summary of Credit (Bookkeeping System)


Entries in the credit column of a ledger account represent increases in liabilities, increases in ownership interest, revenue, or decreases in assets.




Cite Term


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Page URL
https://payrollheaven.com/define/credit-bookkeeping-system/
Modern Language Association (MLA):
Credit (Bookkeeping System). PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/credit-bookkeeping-system/.
Chicago Manual of Style (CMS):
Credit (Bookkeeping System). PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/credit-bookkeeping-system/ (accessed: March 28, 2024).
American Psychological Association (APA):
Credit (Bookkeeping System). PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/credit-bookkeeping-system/

Definition Sources


Definitions for Credit (Bookkeeping System) are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th August, 2019 | 0 Views.