What do you understand by Finance? What is credit? Accounts payables?

Question

Accepted Answer

Finance involves managing money, credit refers to borrowing money, and accounts payables are amounts owed to suppliers.

Finance is the management of money and includes activities such as budgeting, investing, and financial planning.
Credit is the ability to borrow money or access goods or services with the promise to pay for them later.
Accounts payables are amounts owed by a company to its suppliers for goods or services purchased on credit.
Finance helps businesses make informed decisions about how to allocate resources and manage financial risks.
Credit can be in the form of loans, credit cards, or trade credit agreements.
Accounts payables are recorded as liabilities on a company's balance sheet until they are paid off.

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