Asked by
Ayesa Guerrero
on Nov 15, 2024
Verified
The best interpretation of the word credit is the
A) left side of an account.
B) increase side of an account.
C) right side of an account.
D) decrease side of an account.
Credit
A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date, often with interest.
- Understand the guidelines for the application of debits and credits in accounting.
Verified Answer
JK
Learning Objectives
- Understand the guidelines for the application of debits and credits in accounting.