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Credit Side (Noun)

Meaning

Account of payments received; usually the right side of a financial statement.

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The accountant meticulously reviewed the credit side of the company's ledger to ensure all payments were accurately recorded.
  • The right side of the financial statement is known as the credit side, where all payments and credits are listed.
  • She was responsible for updating the credit side of the account to reflect the daily receipts.
  • Reviewing the credit side of the balance sheet allowed them to identify the need for adjustments.
  • After verifying the entries on the credit side, the bookkeeper was confident the accounts were in order.

Hypernyms

  • Method Of Accounting
  • Accounting System
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