What is the meaning of credited to your account?

Credited to your account means amount has been deposited to your account(this will be your income). Debited from your account means withdrawn from your account(This will be your expense).

What is the meaning of being credited?

From Longman Dictionary of Contemporary Englishbe credited to somebody/somethingbe credited to somebody/somethingif something is credited to someone or something, they have achieved it or are the reason for it Much of Manchester United’s success can be credited to their manager.

Does credited mean paid?

A credit balance on your billing statement is an amount that the card issuer owes you. Credits are added to your account each time you make a payment. If the total of your credits exceeds the amount you owe, your statement shows a credit balance. This is money the card issuer owes you.

Is credited with meaning?

(credit someone with something) to say or believe that someone is responsible for a particular achievement. Clinton credited Mike Boorda with bringing peace to Bosnia. be widely/generally/wrongly credited with something: Fairlie is widely credited with inventing the phrase ‘the Establishment’. Collocations and examples.

What is the difference between credited and accredited?

credit – publicly acknowledge a contributor’s role in the production of (something published or broadcast). accredit – give credit to (someone) for something.

What is the difference between credited and debited?

Debits are money going out of the account; they increase the balance of dividends, expenses, assets and losses. Credits are money coming into the account; they increase the balance of gains, income, revenues, liabilities, and shareholder equity.

What does it mean to be credited interest?

Credited Interest means interest on Member contributions to the Plan compounded annually from the end of the Plan Year in which contributions were made to the first day of the calendar month in which a determination thereof is to be made.

What is the synonym of credited?

Some common synonyms of credit are belief, credence, and faith. While all these words mean “assent to the truth of something offered for acceptance,” credit may imply assent on grounds other than direct proof.

Why salary is credited?

If u receive your salary, it’s an income and so it’s said salary is being credited(into your bank account). There may be one more reason: In accordance to banks, they apply the credit to increment /increase(here in your bank account) and debit is known as decrement (suppose you have paid in by your debit card).