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On the credit side

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LampPro Tip 1/3
Ledger UnderstandingPlay
Understand that the ledger has two sides: debit and credit. 'On the credit side' is used in financial contexts. SlideRecord the revenue on the credit side, since it's an increase in assets.
LampPro Tip 2/3
Accounting JargonPlay
'On the credit side' in accounting is professional jargon, mainly used in financial industries. SlideAfter the transaction, the increase in capital was listed on the credit side.
LampPro Tip 3/3
Balance ImplicationsPlay
'On the credit side' suggests a positive financial state, like profits or asset gains. SlideThe company's loan repayment decreased liabilities and is reflected on the credit side.