Question

credit in nature what does it mean?​

Answer 1

Explanation:

In T-accounts, the credit items are always recorded on the right side and credit items include the liabilities, incomes and equity of the company. Since the liabilities of the company are the money owed by company, and it has to be paid back, it is a credit in nature

Answer 2

Explanation:

In T-accounts, the credit items are always recorded on the right side and credit items include the liabilities, incomes and equity of the company. Since the liabilities of the company are the money owed by company, and it has to be paid back, it is a credit in nature.