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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What is the dictionary definition of Credit (Bookkeeping System)?

Dictionary Definition



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Full Definition of Credit (Bookkeeping System)



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https://payrollheaven.com/define/credit-bookkeeping-system/
Modern Language Association (MLA):
Credit (Bookkeeping System). PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 13, 2019 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: November 13, 2019).
American Psychological Association (APA):
Credit (Bookkeeping System). PayrollHeaven.com. Retrieved November 13, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/credit-bookkeeping-system/

Definition Sources


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


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