Understand that the ledger has two sides: debit and credit. 'On the credit side' is used in financial contexts. Record the revenue on the credit side, since it's an increase in assets.
Pro Tip 2/3
Accounting Jargon
'On the credit side' in accounting is professional jargon, mainly used in financial industries. After the transaction, the increase in capital was listed on the credit side.
Pro Tip 3/3
Balance Implications
'On the credit side' suggests a positive financial state, like profits or asset gains. The company's loan repayment decreased liabilities and is reflected on the credit side.