Credit (accounting)

Have is a term from the commercial accounting and refers to the right side of an account as opposed to the left target side. It is a bookkeeping - technical term that refers to the page in the account. The origin of debits and credits is explained by Luca Pacioli in his book " Treatise on the accounting " as follows:

" The award was followed by the target accounts and the Do, the deve dare - deve avere ( to give - to have ). Later fell on both sides off the deve (target ) so that in Italy only dare and avere (Enter and credit) were left; while in Germany the left and right indicate the target was eliminated, so that we apply debit and credit in Germany today. "

For each account is determined by the posting logic of double entry when it is posted " in credit ":

• On a profit and loss account reservation at the means have an income.
• On an active stock account to be booked in Have Disposals ( as is for example the sale of a vehicle, the account " fleet " posted on the credit side ).
• On the other hand, a passive stock account shows a credit posting access to (for example, access a liability in the form of an incoming invoice ).

While it can be posted on both sides basically each account. The balance must be in the closing accounts on the right side, however. A credit balance ( surplus to have bookings) is allowed only on passive income accounts and balance sheet accounts. An active stock account with a credit balance is not possible (you can not, for example, vehicles with a value of less than zero euros respectively.) Similarly, no expense accounts with credit balances permissible, this indicates accounting errors.