In Accounting, what are credit entries and also explain what does an entry on the CREDIT SIDE means. Is Credit side and Credit Balance the same?
| Credit Entries:
Credit entries are the entries found on the right-hand side of any ledger account. An entry on the CREDIT side indicates:-
The credit side and credit balance is not the same. Unlike credit entries, a credit balance on an account indicates the credit side of the account is greater than the debit side |
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