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.

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 09, 2020
Chicago Manual of Style (CMS):
Credit (Bookkeeping System). Payroll & Accounting Heaven Ltd. (accessed: July 09, 2020).
American Psychological Association (APA):
Credit (Bookkeeping System). Retrieved July 09, 2020, from website:

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 | 4 Views.