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 [[equity-origin account]]s or decreases [[asset-origin account]]s. Any [[journal entry]] contains at least one [[credit entry]]. | [[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]]. | ||
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| + | ==Definitions== | ||
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Credit]]. | ||
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| + | ==Related concepts== | ||
| + | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
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| + | ==Related coursework== | ||
| + | *[[Bookkeeping Quarter]]. | ||
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| + | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 11:56, 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.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
