Credit balance

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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