National Balance Sheet Accounts

Credit of household sector, value

Credit refers to an accounting term representing a receipt (for example, the sale of goods or services), a decrease in assets or an increase in liabilities. Under the principle of double entry accounting, for every debit there must be a corresponding credit. In national accounting the terms "uses" and "resources" are used instead of debits and credits.

Household sector refers to all resident households and their unincorporated businesses in the case of the Income and Outlay Accounts, the Capital and Financial Accounts and the National Balance Sheets Accounts. In the Production Accounts household unincorporated businesses are excluded.

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