A: Both are a kind of credit. Simply put, one is related to the asset chart of accounts and the other is not related to the asset chart of accounts. Well-known loans and financing are put on the table; The bill acceptance check is off the balance sheet.

1. On-balance-sheet credit: refers to the asset credit related to the asset account in the balance sheet. Including loans, project financing, trade financing, discount, overdraft, factoring, lending and repurchase;

2. Off-balance-sheet credit: refers to the intermediary business that is not reflected in the balance sheet, but must be specially recorded off the balance sheet. This is an off-balance sheet business that has nothing to do with the accounts in the balance sheet. Including loan commitment, guarantee, letter of credit, bill acceptance, etc.

Extended data:

1. Credit refers to the funds provided by commercial banks to customers of non-financial institutions, or the guarantee of compensation and payment liabilities that may occur to customers in related economic activities.

2. Credit extension includes: on-balance-sheet business such as loan, trade financing, bill financing, financial leasing, overdraft and various advances, and off-balance-sheet business such as bill acceptance, letter of credit opening, letter of guarantee, standby letter of credit, letter of credit confirmation, bond issuance guarantee, loan guarantee, sale of recourse assets and unused irrevocable loan commitment.

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