When I have money, I get rid of it quickly, lest it find a way into my heart. - John Wesley

Accounting Topics > Credit

You are currently researching Credit, below you will find the latest information on the subject of Credit available at Accounting Topics. Credit is categorized in the C index of accounting topics.


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What is Credit? A Basic Definition

(Latin: he trusts) An entry on the right-hand side of an account; used for income and liabilities, namely debts owed by the business to other people. Also used to designate a payment into an account, especially a bank account. (From the bank's point of view, an increase in the amount of money a customer has in his account is an increase in the bank's debt to that customer.)

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Off-site Credit Links, User Submitted

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Fri Nov 21

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