Answered: The word 'credit' means An entry to…

The word 'credit' means An entry to the left side of an account An increases to an account An entry to the right side of an account A decrease to an account

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 1Q: Explain what is meant by the term real accounts (also known as permanent accounts).

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

The word 'credit' means

An entry to the left side of an account

An increases to an account

An entry to the right side of an account

A decrease to an account O

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