CREDIT Definition

Bookmark and Share

CREDIT, in accounting, is an accounting entry system that either decreases assets or increases liabilities; in general, it is an arrangement for deferred payment for goods and services.

Learn new Accounting Terms

ALLOWANCE FOR SAMPLING RISK is the difference between a sample estimate and the projected population characteristic at a specified sampling risk. This allowance
is also the difference between the expected error rate and the tolerable
deviation rate.

MISCELLANEOUS is a grouping consisting of a haphazard assortment of different kinds.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.