Define: Credit (Bookkeeping System)

Business, Legal & Accounting Glossary

Definition: 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.



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https://payrollheaven.com/define/credit-bookkeeping-system/
Modern Language Association (MLA):
Credit (Bookkeeping System). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 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: April 06, 2020).
American Psychological Association (APA):
Credit (Bookkeeping System). PayrollHeaven.com. Retrieved April 06, 2020, 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