managedcreditservices.com - Managed Credit Services

Description: Managed Credit Services Overview, Credit Management Services, Introduction to Financial Services, Credit Management, ATM Managed Services For Credit Unions, Debt and credit management services, Credit Management Services

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Credit may refer to:

In double entry bookkeeping , debits and credits (abbreviated Dr and Cr , respectively) are entries made in account ledgers to record changes in value resulting from business transactions. Generally speaking, the source account for the transaction is credited (that is, an entry is made on the right side of the account's ledger) and the destination account is debited (that is, an entry is made on the left side). Total debits must equal total credits for each transaction; individual transactions may require m

The difference between the total debits and total credits in a single account is the account's balance . If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance. For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred.

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