Question

define credit class 10 SS​

Answer 1

Answer:

Hey mate, here the answer :---

Credit refers to agreement in which lender supplies the borrower with money, good and services in return for the promise of future payment.Credit also refers to an accounting entry that either decreases assets or increases liabilities and equity on the company's balance sheet.

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Answer 2

Answer:

Credit refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment.