Antonym of credit
What is the opposite of credit in finance?
In accounting, a credit is an entry that records a decrease in assets or an increase in liability as well as a decrease in expenses or an increase in revenue (as opposed to a debit that does the opposite).
What is the opposite word of debit?
Option B – ‘Credit‘ means ‘adding money to one’s account’. Hence, ‘credit’ is the antonym of ‘debit’, Thus option B is the correct answer.
What is the antonym for?
Definition of antonym
: a word of opposite meaning The usual antonym of good is bad.
What is debit and credit?
Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account.
What is difference debit and credit?
Both can make it easy and convenient to make purchases in stores or online, with one key difference. Debit cards allow you to spend money by drawing on funds you have deposited at the bank. Credit cards allow you to borrow money from the card issuer up to a certain limit to purchase items or withdraw cash.
What are the 3 types of antonyms?
Antonyms fall within the three categories, namely, Relational Antonyms, Graded Antonyms, and Complementary Antonyms.
What is antonym example?
An antonym is a word that means the opposite of another word. For example, hot and cold are antonyms, as are good and bad.
What is antonyms give 5 examples?
Antonyms are words that have contrasting, or opposite, meanings. Like so much of the English language, the word antonym is rooted in the Greek language.
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Examples of Complementary Antonyms
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Examples of Complementary Antonyms
- off — on.
- night — day.
- entrance — exit.
- exterior — interior.
- true — false.
- dead — alive.
- push — pull.
- pass — fail.
Is credit and loan same?
Loans and credits are different finance mechanisms.
While a loan provides all the money requested in one go at the time it is issued, in the case of a credit, the bank provides the customer with an amount of money, which can be used as required, using the entire amount borrowed, part of it or none at all.
What is a synonym for debit?
In this page you can discover 31 synonyms, antonyms, idiomatic expressions, and related words for debit, like: entry, indebtedness, obligation, liability, tally, charge-card, amount due, accounts collectible, bills, charge and credit.
What is another word for giving credit?
What is another word for give credit?
| ascribe | attribute |
|---|---|
| impute | credit |
| accredit | assign |
| lay | refer |
| charge | reference |
What is the prefix of credit?
Credit has no Prefix. It is a root word.
Is debit the antonym of credit?
What’s the difference between a debit and a credit? Debits are the opposite of credits. Debits represent money being paid out of a particular account. Credits represent money being paid in.
What’s the meaning of debiting?
to take money out of an account or keep a record of this: The bank debited my account. The bank debited the money from my account. The unauthorized borrowing fee will be debited to your account. Opposite.
What is the another name of credit and debit card?
The popular name for debit and credit card is known as plastic money. These cards are most commonly used medium of online payment.
Is cash a debit or credit?
debited
When cash is received, the cash account is debited. When cash is paid out, the cash account is credited. Cash, an asset, increased so it would be debited.
Is capital a credit or debit?
To Sum It Up
| Accounting Element | Normal Balance | To Increase |
|---|---|---|
| 1. Assets | Debit | Debit |
| 2. Liabilities | Credit | Credit |
| 3. Capital | Credit | Credit |
| 4. Withdrawal | Debit | Debit |