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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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13y ago

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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.


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


How can I cash a credit card?

To cash a credit card, you can use a cash advance option offered by your credit card company. This allows you to withdraw cash from an ATM or bank using your credit card, but be aware that cash advances often come with high fees and interest rates.


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


Is a Decrease in cash a credit?

In a double entry accounting system, you decrease the cash account with a credit.


What is cash deposit credit adjustment?

When you have cash deposit credit adjustment how do you post it to ledger account