Social Sciences, asked by ranasaab, 1 year ago

what is cheque nd credit

Answers

Answered by LuvKapoor003
2
Hey..mate here is yur ans...
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1) CHEQUE➡an order to a bank to pay a stated sum from the drawer's account, written on a specially printed form
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2)CREDIT➡.the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
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HOPE IT HELPS U✌
Answered by yash1273
0
A cheque, or check (American English; see spelling differences), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.


Credit is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately, but instead promises either to repay or return those resources at a later date. 
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