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depends on how you use the word credit. So the answer is yes, for one usage. Another opposite of credit is debt.
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What is the opposite of credit?
The opposite of credit could be cash, when you are buying something.It could be debit, if you are balancing books.The opposite action of credit (acknowledge) would be to ignore, bypass, or discredit.
What is an antonym for credit?
The opposite financially is debit.(An "opposite form of payment" is cash, immediate rather than deferred.)For the meaning of "credit" as trust or recognition, the opposite would be discredit or disapproval.
Which business credit card offers cash back?
There are many different credit cards that offer cash back. Some of the credit cards that offer cash back are Simply Cash from American Express and Ink Cash from Chase.
Is a Decrease in cash a credit?
In a double entry accounting system, you decrease the cash account with a credit.
What Does Cash Credit Line Availability Mean?
It's the amount of credit on your credit card that is currently available for you to use for cash advance transactions.
What is the opposite of credit?
The opposite of credit could be cash, when you are buying something.It could be debit, if you are balancing books.The opposite action of credit (acknowledge) would be to ignore, bypass, or discredit.
What is an antonym for credit?
The opposite financially is debit.(An "opposite form of payment" is cash, immediate rather than deferred.)For the meaning of "credit" as trust or recognition, the opposite would be discredit or disapproval.
What is Difference between cash receipts and cash payments?
the second word. here we differ these term by debit and credit when cash receipt then amount field is +ve as on debit and in cash payment it will be -ve as on credit and reverse for opposite .
What is entry of credit and cash purchases?
Debit Purchases Credit Cash
What is the journal entry for a cash sell?
Debit Cash Credit Sales
What do you mean by operating cash credit ac?
openinng cash credit its every time credit by account
When will the cash book have credit balance?
When company spend more cash then it actually has will cause credit balance of cash book.
Which business credit card offers cash back?
There are many different credit cards that offer cash back. Some of the credit cards that offer cash back are Simply Cash from American Express and Ink Cash from Chase.
Is the entry to establish a petty cash account a debit to petty cash and credit to cash?
yes. the entry should be: petty cash fund debit cash in bank credit
What is cash deposit credit adjustment?
When you have cash deposit credit adjustment how do you post it to ledger account
Is a Decrease in cash a credit?
In a double entry accounting system, you decrease the cash account with a credit.
What is the journal entry for partial cash and credit payments?
[Debit] Purchases [credit] Cash (partial) [credit] accounts payable (balance)
