credit side Sentence Examples
- On the bank statement, the interest earned on your savings account is listed on the credit side.
- After selling some stock, he saw a significant increase on the credit side of his investment portfolio.
- The accountant meticulously reviewed both the debit and credit sides of the ledger before finalizing the report.
- When a customer returns an item, the store issues a credit that appears on the credit side of their account.
- Since it represents income, the revenue generated from sales is recorded on the credit side of the income statement.
- Withdrawing cash from your checking account decreases the balance, so it would be recorded on the credit side.
- Though it might seem counterintuitive, a loan received shows up as a credit on the company's balance sheet.
- In double-entry bookkeeping, every transaction requires an equal and opposite entry on either the debit or credit side.
- Businesses often offer early payment discounts, which can be recorded on the credit side when a customer pays promptly.
- When analyzing financial statements, understanding the difference between debits and credits on the credit side is crucial.
credit side Meaning
Wordnet
credit side (n)
account of payments received; usually the right side of a financial statement
Synonyms & Antonyms of credit side
No Synonyms and anytonyms found
FAQs About the word credit side
account of payments received; usually the right side of a financial statement
No synonyms found.
No antonyms found.
On the bank statement, the interest earned on your savings account is listed on the credit side.
After selling some stock, he saw a significant increase on the credit side of his investment portfolio.
The accountant meticulously reviewed both the debit and credit sides of the ledger before finalizing the report.
When a customer returns an item, the store issues a credit that appears on the credit side of their account.
