good morning mates.....what do u maean by terms of credit
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Answer:
The terms which indicate when payment is due for sales made on account (or credit).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. Credit also refers to an accounting entry that either decreases assets or increases liabilities and equity on the company's balance sheet.
Step-by-step explanation:
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Answered by
1
Step-by-step explanation:
it is an agreement b/w the lender and a borrower
who promise to pay the lender at a later date
generally with interest
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