Credit balance

1. Financial accounting. This is either a liability or capital within the balance sheet, or revenue within the profit and loss account (or income statement).

2. Banking. In banking a credit balance - in the bank's records - is one which stands in favour of the customer. The bank owes money to the customer. (Contrasted with a debit balance in the bank's records. Being a balance standing in favour of the bank.)

See also

• Balance sheet
• Capital
• Debit balance
• Liabilities
• Profit and Loss account