What is the difference between debt and credit in business

Debt is cash or finance which have been borrowed.

When business borrow loans from bank,then the business has incurred debt,also when business purchases goods and services through credit,then the business has also incur debt.

Credit
Credit is the selling of goods and services and the person/customer has to pay for the goods and services,not immediately but the customer will pay for them later on.The date when the customer has to pay for the goods and services delivered to them must be of agreeable between the seller and the buyer/customer.

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