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.

What is the dictionary definition of Credit (bookkeeping system)?

Dictionary Definition

Full Definition of Credit (bookkeeping system)

Credit (bookkeeping system) FAQ's

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Credit (bookkeeping system). Payroll & Accounting Heaven Ltd. July 17, 2019
Chicago Manual of Style (CMS):
Credit (bookkeeping system). Payroll & Accounting Heaven Ltd. (accessed: July 17, 2019).
American Psychological Association (APA):
Credit (bookkeeping system). Retrieved July 17, 2019, from website:

Definition Sources

Definitions for Credit (bookkeeping system) are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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