Difference between revisions of "Credit"
(Created page with "#*Credit (credit entry or Cr). Any entry into financial books that either increases claim-origin accounts or decreases resource-origin accounts. Any ...") |
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Revision as of 02:09, 13 December 2018
- Credit (credit entry or Cr). Any entry into financial books that either increases claim-origin accounts or decreases resource-origin accounts. Any journal entry contains at least one credit.
Debit (alternatively known as debit entry and commonly abbreviated Dr because of Latin debere) is any entry into financial books that either increases resource-origin accounts or decreases claim-origin accounts. Any journal entry contains at least one Dr.
