Credit Ticket

DEFINITION of 'Credit Ticket'

In accounting and bookkeeping, a credit ticket is a transaction that generates a credit in the general ledger. An example of a credit ticket would be a deposit in a bank account which would produce a credit on the general ledger.

BREAKING DOWN 'Credit Ticket'

Credit tickets will have offsetting debit tickets, either simultaneously or in the very near future. The deposit in the bank account, for example, could be a payment for the sale of goods, and the offsetting debit would be in accounts receivable.

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RELATED FAQS
  1. How do you calculate credits and debits in the general ledger?

    A general ledger acts as a record of all accounts and their transactions. Balancing the ledger involves subtracting the total ... Read Full Answer >>
  2. Given a good bookkeeping system, would financial accounting be necessary?

    Bookkeeping and financial accounting may seem like they are new creations, but variations have been around for millennia. ... Read Full Answer >>
  3. Why do accountants use debits and credits instead of simple pluses and minuses? Why ...

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