Accounting
Credit
The right-hand column of an accounting entry, where the credits for each operation are recorded.
Among other things, credits record increases in liabilities and revenue. Total credits must equal total debits.
An example
On a sale, the revenue and output-IGI accounts are credited.
The typical mistake
Reading credit as "money I have". Like debit, it is a bookkeeping side.
How it appears in AndCompta
Credits are visible in each journal entry, included in the trial balance, and traceable to the invoice or transaction behind every posting.
Where we explain it in depth
Related terms
This definition is general information, not tax or accounting advice. For your specific case, consult a professional and always check the official source.