{"id":2633,"date":"2021-05-11T10:05:13","date_gmt":"2021-05-11T10:05:13","guid":{"rendered":"https:\/\/enorcerna.com\/wiki\/definition\/pass\/"},"modified":"2021-05-11T10:05:13","modified_gmt":"2021-05-11T10:05:13","slug":"pass","status":"publish","type":"post","link":"https:\/\/enorcerna.com\/wiki\/definition\/pass\/","title":{"rendered":"Pass"},"content":{"rendered":"
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\nA credit is the result of paying for something or, as the name suggests, paying for something. It is a term used regularly in areas such as accounting and auditing.<\/strong><\/span><\/p>\n

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With regard to accounting practice, a credit is that entry that is made in the \"Credit\" part of an account. In this sense, it is the accounting action opposed by nature to the Charge, which is usually carried out in the \"Debt\" of the account. According to the Theory of Charge and Credit, each of these movements corresponds to the other in compensation. In other words, each accounting charge corresponds, as a counterpart, to a credit in the accounting entry.<\/p>\n

Within the most common activity in accounting, a subscription acquires different behaviors and causes different effects. All this, depending on the type of account in which they are made. Thus, we can summarize these effects as follows: with a subscription, the real accounts of Assets and the nominal ones of Expenses decrease, while the real accounts of Liabilities and Equity and the nominal ones of Income increase.<\/p>\n

For practical purposes it can be said that entering a credit is usually nothing more than carrying out the accounting of a security, or an economic fact, in the accounting books of a company or society. All this, within the corresponding account and under a certain concept.<\/p>\n

It is important to note that, according to the accounting methodology, for a credit to be entered it is not strictly necessary that the payment has already been made. In other words, it normally serves that the payment commitment has been reached, or said obligation has been acquired; so, then, the compost is noted. Usually, the payment is also considered as a partial payment, prior to a full disbursement.<\/p>\n<\/div>\n\n\n

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A credit is the result of paying for something or, as the…<\/p>\n","protected":false},"author":1,"featured_media":2634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-definition"],"_links":{"self":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts\/2633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/comments?post=2633"}],"version-history":[{"count":0,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts\/2633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/media\/2634"}],"wp:attachment":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/media?parent=2633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/categories?post=2633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/tags?post=2633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}