multiple choice question\nwhat is the definition of a credit?\no an entry recording a sum received\no a…

multiple choice question\nwhat is the definition of a credit?\no an entry recording a sum received\no a specialized record book or computer program that contains summaries of all journal entries\no the process of recording a transaction in two different accounts\no the recording or entry of debt in an account

multiple choice question\nwhat is the definition of a credit?\no an entry recording a sum received\no a specialized record book or computer program that contains summaries of all journal entries\no the process of recording a transaction in two different accounts\no the recording or entry of debt in an account

Answer

Brief Explanations:

In accounting, a credit is an entry that represents a decrease in an asset or an increase in a liability or equity. It is the recording or entry of debt in an account in the context of double - entry bookkeeping. An entry recording a sum received is a debit in many cases. A specialized record book or computer program with journal entry summaries is a ledger. The process of recording a transaction in two different accounts is double - entry accounting in general, not the definition of a credit specifically.

Answer:

The recording or entry of debt in an account