Question

what is credit? explain 200-250 words

Answer 1

the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

"I've got unlimited credit"

synonyms:financial standing, financial status, solvency

"the shop would be paid whether her credit was good or bad"

2.

an entry recording a sum received, listed on the right-hand side or column of an account.

"the columns should be added across and down and the total debits should equal the total credits"



1.

publicly acknowledge a contributor's role in the production of (something published or broadcast).

"the screenplay is credited to one American and two Japanese writers"

synonyms:ascribe, attribute, assign, accredit, chalk up, put down, set down, impute;More

2.

add (an amount of money) to an account.

"this deferred tax can be credited tothe profit and loss account"