Question

Difine the term CREDIT at least 5 different authors perspective

Answer 1

Credit is generally defined as an agreement between a lender and a borrower, who promises to repay the lender at a later date—generally with interest. ... In accounting, a credit may either decreases assets or increases liabilities and equity on a company's balance sheet.

Answer 2

Explanation:

Credit is generally defined as an agreement between a lender and a borrower who promises to repay the lender within the given date with intrest.