Credit: Difference between revisions
Created page with "Credit is when payment for a product or service is paid for at a later date (think buy now pay later." |
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Credit is when payment for a [[product]] or [[service]] is paid for at a later [[date]] (think buy now pay later. | Credit is when payment for a [[product]] or [[service]] is paid for at a later [[date]] (think buy now pay later. | ||
=== Entries which are always credits === | |||
* '''Sales''' - [[money]] received for payment of goods and services | |||
* '''[[Capital]]''' - any [[money]] the owner has paid in | |||
* [[Loan|'''Loans''']] - any [[money]] borrowed from say a [[bank]] | |||