Believed it was put to one's account (8)

I believe the answer is:

credited

I'm a little stuck... Click here to teach me more about this clue!

'believed' is the definition.
(I've seen this before)

I don't understand how the rest of the clue works.

(Other definitions for credited that I've seen before include "given improved balance" , "Believed" , "3 across (anag.)" , "Acknowledged as writer" , "Esteemed" .)

I've seen this clue in The Globe and Mail.

Want a hint initially instead of a full solution? Install my app