WebAug 20, 2024 · It works like this: A debit is entered into at least one account, then a corresponding credit of the same amount, but of opposite value, is recorded into at least one account. The two entries are used to show the giving and receiving sides of external transactions. The idea is to get to a net sum of zero, ensuring all dollars are accounted … WebWhat is the opposite of Credit? Antonyms for Credit (related to money).
187 Synonyms & Antonyms of CREDIT - Merriam Webster
Weblegit. normal. orthodox. regular. standard. straight. unopposed. usual. On this page you'll find 47 synonyms, antonyms, and words related to credited, such as: acknowledged, … WebCredit Antonyms. Trying to find opposite word for credit in English? No problem. Our site contains antonyms of credit in 17 different contexts. We have listed all the opposite … tmw center 3ts
54 Synonyms & Antonyms of ELUDE - Merriam Webster
Webnoun. ['ˈkrɛdət, ˈkrɛdɪt'] recognition by a college or university that a course of studies has been successfully completed; typically measured in semester hours. Antonyms. straight … WebOpposite of one who lends, especially money. borrower. Find more words! creditor. WebAug 21, 2015 · This means that liabilities are the opposite – credit balances (Lesson 5). Basic accounting tells us the formula for the balance sheet is Assets = Liabilities plus Equity. A debit group (assets/upper half of balance sheet) equals the combination of two credit groups or stated another way DEBITS via assets = CREDITS via liabilities plus ... tmw carrier