Difference between revisions of "Credit"
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| − | [[Credit]] (alternatively known as [[credit entry]] and commonly abbreviated [[Cr]] because of Latin ''credere''). Any entry into [[financial book]]s that either increases [[ | + | [[Credit]] (alternatively known as [[credit entry]] and commonly abbreviated [[Cr]] because of Latin ''credere''). Any entry into [[financial book]]s that either increases [[equity-origin account]]s or decreases [[asset-origin account]]s. Any [[journal entry]] contains at least one [[credit entry]]. |
Revision as of 02:19, 15 December 2018
Credit (alternatively known as credit entry and commonly abbreviated Cr because of Latin credere). Any entry into financial books that either increases equity-origin accounts or decreases asset-origin accounts. Any journal entry contains at least one credit entry.
