What does CR mean in accounting entries?

[john]

In accounting, I keep seeing “CR” in journal entries. Does it mean credit? How does it affect accounts, and when should it be used?

 

[Selina]

In accounting, CR stands for credit, which is one side of a journal entry (the other is DR = debit). A credit entry usually means increasing liabilities, equity, or income, or decreasing assets and expenses. For example, when you receive revenue, you credit the income account. I used to remember it as “money coming in = credit to income,” which makes it easier to keep track.

 

[Kevin]

CR in accounting entries stands for “credit.” It is used to record increases in liabilities, equity, and revenue, and decreases in assets and expenses. In double-entry bookkeeping, every credit entry has a corresponding debit entry, ensuring the accounting equation (Assets = Liabilities + Equity) remains balanced and accurate.

 

[Blaise]

CR means credit in accounting. In double-entry bookkeeping, a credit increases liabilities, equity, and revenue, and decreases assets and expenses. It’s recorded on the right side of ledger accounts, opposite DR (debit).

 

[alexmetro]

CR stands for credit, it's one half of every journal entry and it usually increases liabilities, equity, or income, I always remembered it as the opposite side to DR (debit) and once that clicks everything in bookkeeping starts making more sense.

 

[robert]

CR is an accounting notation meaning “credit.” It is used for transactions that increase liability, equity or income accounts and decrease assets and expense accounts. A credit entry is recorded on the right side of ledger accounts and has to balance debits.