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.


Credit (Bookkeeping System) FAQ's

Cite Term

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Modern Language Association (MLA):
Credit (Bookkeeping System). Payroll & Accounting Heaven Ltd. January 18, 2020
Chicago Manual of Style (CMS):
Credit (Bookkeeping System). Payroll & Accounting Heaven Ltd. (accessed: January 18, 2020).
American Psychological Association (APA):
Credit (Bookkeeping System). Retrieved January 18, 2020, from website:

Definition Sources

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

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

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