Meaning of Credit in Accounting | Simple Explanation for Beginners ➖📘
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Meaning of Credit in Accounting | Simple Explanation for Beginners ➖📘
Learn the clear Meaning of Credit (Cr) in accounting! 📘 Credit refers to the right side of an account in the double-entry bookkeeping system. It shows an increase in liabilities, capital, and income, and a decrease in assets and expenses. 🏦📊 Every transaction has both a debit and a credit, and the credit entry helps identify where ...
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