credit entry
An accounting transaction under *double entry bookkeeping which increases *liabilities, *revenues, and *equity, or reduces *assets and *expenses. A credit entry has a corresponding *debit entry (or debit entries) of equal value.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • credit entry — noun an accounting entry acknowledging income or capital items • Syn: ↑credit • Ant: ↑debit (for: ↑credit) • Derivationally related forms: ↑credit (for …   Useful english dictionary

  • credit entry — 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… …   Accounting dictionary

  • credit entry — / kredɪt ˌentri/ noun an entry on the credit side of an account …   Marketing dictionary in english

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  • entry — A declaration and request for customs release in respect of imports or goods intended for export. It is usually made on a Single Administrative Document ( SAD). Traders approved to do so can submit entries electronically. HM Customs & Revenue… …   Financial and business terms

  • credit — 1) The reputation and financial standing of a person or organization. 2) The sum of money that a trader or company allows a customer before requiring payment. 3) The funding of members of the public to purchase goods and services with money… …   Accounting dictionary

  • credit — 1. The facility to purchase a good or service or to take a *loan on the promise of payment at a future date. 2. An abbreviated term for *credit entry. 3. An abbreviated term for *credit limit. 4. Public praise or recognition …   Auditor's dictionary

  • credit — cred·it 1 n 1: recognition see also full faith and credit 2 a: the balance in an account which may be drawn upon and repaid later compare loan …   Law dictionary

  • credit — [kred′it] n. [Fr crédit < It credito < L creditus, pp. of credere: see CREED] 1. belief or trust; confidence; faith 2. Rare the quality of being credible or trustworthy 3. a) the favorable estimate of a person s character; reputation; good… …   English World dictionary

  • Credit Institute of Canada — Abbreviation CIC Motto RES MERCATORUM ET OPIFICUM Formation June 11 …   Wikipedia

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