Certified Medical Administrative Assistants (CMAA) Practice Exam 2026 - Free CMAA Practice Questions and Study Guide

When deposits are made into a bank account, the balance of that account increases, and this process is referred to as being "credited." In banking terminology, a credit increases the amount of money available in the account, reflecting that additional funds have been added. This is essential for maintaining accurate financial records, as it shows the account holder that they have more available funds to use.

The term "debited," on the other hand, refers to when funds are taken out of the account, decreasing the balance. "Cleared" relates to transactions that have been fully processed and settled, ensuring that the money has moved from one account to another. The term "posted" refers to the act of recording transactions in the account ledger, but it does not specifically convey the increase in balance caused by a deposit. Understanding these terms is critical when managing financial records and transactions effectively.