In French accounting, “Crédit” means:
In French accounting, “Crédit” means:
A. Debit
B. Credit
C. Asset
D. Liability
Answer: B
Explanation: “Crédit” is the French term for credit, the opposite side of a debit (Débit) in double-entry accounting. In French accounting, liabilities, equity, and revenues are increased by credits, while assets and expenses are decreased by credits (and increased by debits).
