Where it sits
Journal entries and ledger accounts.
Framework: General double-entry bookkeeping with U.S. GAAP financial-statement context where stated.
Aliases: credit entry.
Credit means right side, not automatically income, good, money received or a bank-card refund.
Journal entries and ledger accounts.
Framework: General double-entry bookkeeping with U.S. GAAP financial-statement context where stated.
Aliases: credit entry.
Credit means right side, not automatically income, good, money received or a bank-card refund.
This distinction is part of the concept record, not a generic FAQ copied across terms.
| Account | Debit | Credit |
|---|---|---|
| Cash | $500 | — |
| Owner contribution / equity | — | $500 |
| Total | $500 | $500 |
The $1,200 credit-sale walkthrough shows source documents, balanced entries, ledger movement and statement effects. The same fictional facts are reused so numbers do not drift between pages.
Open the transaction lab