Category: Uncategorized

  • Difference between Debit and Credit?

    Debit and credit are terms that are often used in the world of accounting and finance. The most common difference between debit and credit is that debit is defined as an increase in money, while credit is defined as the expenditure of money in the transaction process. However, in banking terms credit is better known…

  • About Credit and Financing

    In your daily life, have you ever heard the word credit, or loan, or financing? Generally, people who apply for credit or financing have a need for funds for their business capital or consumption needs. So, what is the difference between the two? In summary, credit is a financial facility that allows a person or…