Credit means different things depending on its context. For example, the amount available to borrow from a vendor. A credit in accounting is a journal entry with the ability to decrease an asset or ...

Debits and credits are used to monitor incoming and outgoing money in your business account. In a simple system, a debit is money going out of the account, whereas a credit is money coming in. However ...

A dividends account gives you a clear picture of the part of your company's profits from a set period that you set aside to distribute to stockholders. The dividends account is a sub-account of ...

Learn what a dangling debit is, its implications for financial statements, and why it's crucial for audits. Discover how it ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...