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.