Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 13 - No. 23)
What does it mean to 'credit' an account?
Increase the assets
Decrease the liability
Record an entry on the right side of an account
Record an entry on the left side of an account
Explanation
Credit refers to the right side of an account, and its effect depends on the account type.
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