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On the credit side

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Ledger Understanding

Understand that the ledger has two sides: debit and credit. 'On the credit side' is used in financial contexts.

Illustration for Ledger Understanding
Record the revenue on the credit side, since it's an increase in assets.
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Accounting Jargon

'On the credit side' in accounting is professional jargon, mainly used in financial industries.

Illustration for Accounting Jargon
After the transaction, the increase in capital was listed on the credit side.
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Balance Implications

'On the credit side' suggests a positive financial state, like profits or asset gains.

Illustration for Balance Implications
The company's loan repayment decreased liabilities and is reflected on the credit side.
Visual representation of the word "On the credit side"

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