Credit balance: Difference between revisions
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#''Financial accounting. '' This is either a liability or capital within the balance sheet, or revenue within the profit and loss account (or income statement). | |||
This is either a liability or capital within the balance sheet, or revenue within the profit and loss account (or income statement). | #''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.) | ||
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.) | |||
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* [[Liabilities]] | * [[Liabilities]] | ||
* [[Profit and Loss account]] | * [[Profit and Loss account]] | ||
Revision as of 12:28, 5 August 2013
- Financial accounting. This is either a liability or capital within the balance sheet, or revenue within the profit and loss account (or income statement).
- 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.)
