The clue for today's Crosswords With Friends crossword Puzzle is mentioned hereby: "Credit's opposite", we have found possible solution below:
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.
Best Answer:
DEBIT
Understanding Today's Crossword Puzzle
Today's clue, "Credits opposite," leads to the answer "DEBIT" for the following reasons:
- Financial Terminology: In accounting, "credits" and "debits" are terms used to record increases and decreases in account values, respectively.
- 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.
- 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."
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Definition of "DEBIT"
an entry recording a sum owed, listed on the left-hand side or column of an account
Example :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 |
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