Credit's opposite Crossword Clue

The clue for today's Crosswords With Friends crossword Puzzle is mentioned hereby: "Credit's opposite", we have found possible solution below:

Understanding Today's Crossword Puzzle

Today's clue, "Credits opposite," leads to the answer "DEBIT" for the following reasons:

1. Financial Terminology: In accounting, "credits" and "debits" are terms used to record increases and decreases in account values, respectively.
2. Opposite Relationship: The relationship between "credits" and "debits" is opposite in accounting. When a credit entry increases the value of an account, a debit entry decreases it, and vice versa.
3. Balance Sheet Entries: On a balance sheet, credits are typically listed on the right side, while debits are on the left side, representing opposite sides of the accounting equation.

Considering the context of financial transactions and how credits and debits function in accounting practices, it becomes evident why the answer to today's crossword clue, "Credits opposite," is "DEBIT."

Definition of "DEBIT"

an entry recording a sum owed, listed on the left-hand side or column of an account

Example :

a double-entry system of bookkeeping, where each debit has a corresponding credit entry

a further debit of £21 6s 6d had been received from the Locomotive Department

$10,000 was debited from their account

 The Crossword clue "Credit's opposite" published 7 time/s & has 1 answer/s. 

Crossword	Date	Answer
Crosswords With Friends	26 September 2022	DEBIT
Daily Celebrity	18 August 2020	Debit
Penny dell	3 October 2019	DEBIT
USA Today	11 October 2017	DEBIT
Thomas Joseph – King Feature Syndicate	26 January 2016	DEBIT
Premier Sunday – King Feature Syndicate	15 September 2013	DEBIT
Eugene Sheffer – King Feature Syndicate	10 March 2008	DEBIT