What does credit side mean?
Definitions for credit side
cred·it side
This dictionary definitions page includes all the possible meanings, example usage and translations of the word credit side.
Princeton's WordNet
credit sidenoun
account of payments received; usually the right side of a financial statement
ChatGPT
credit side
In accounting and bookkeeping, the credit side refers to the right side of a ledger or a double-entry bookkeeping system where all the credit transactions are recorded. These transactions may include income, revenues, liabilities, and equity transactions. It is used to decrease asset and expense accounts, and increase liability, revenue and equity accounts. The use of credit side helps in balancing the accounts following the accounting equation; "Assets = Liabilities + Equity".
Matched Categories
Numerology
Chaldean Numerology
The numerical value of credit side in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of credit side in Pythagorean Numerology is: 6
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"credit side." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/credit+side>.
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