Social Sciences, asked by Akshya25, 1 year ago

Define the term credit.....

Answers

Answered by ayaankhan01
8

Answer:

Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest.


Akshya25: thnx
ayaankhan01: wello
Akshya25: mmmm
sonusinghania: i think i am late u get u r ans.
Akshya25: ya
Akshya25: that's fine
Answered by vikrantraj15
3

Answer:

credit in an accounting sense is part of the most fundamental concepts in accounting, representing a side of each individual transaction recorded in any accounting system.

Explanation:

Hope it's helpful. then plz make this answer brain list


Akshya25: but tiz s the one I expeted...
Akshya25: thnx nut
Akshya25: sry but
vikrantraj15: Why
vikrantraj15: Can u make the answer Brainlist
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