credit entry

Show Summary Details

Quick Reference

An entry made on the right hand side of an account, representing an increase in a liability, revenue, or equity item or a decrease in an asset or expense. For example, when a supplier is paid there will be a credit to the bank as cash is spent and a corresponding debit to the creditors’ control account. Compare debit entry.

Subjects: Accounting.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.