Define: Credit (Bookkeeping System)

UK 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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Full Definition of Credit (Bookkeeping System)


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Modern Language Association (MLA):
Credit (Bookkeeping System). Payroll & Accounting Heaven Ltd. November 13, 2019
Chicago Manual of Style (CMS):
Credit (Bookkeeping System). Payroll & Accounting Heaven Ltd. (accessed: November 13, 2019).
American Psychological Association (APA):
Credit (Bookkeeping System). Retrieved November 13, 2019, from website:

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This glossary post was last updated: 23rd December 2018.