What is the difference between liability and credit

1.	What is the difference between liability and credit
Answer» Thanks<br>Liabilities are obligation or debt that can enterprises has to pay after sometime in the future.<br>Liability is the money which is pay by business. Current Liabilities are those which paid within the year For ex.Short Loan,Bill payable. Non Current Liabilities are those which money paid after time period.For ex.Long loan .. Credit are those Who take Loan from Debitor(seller)

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