The definition of displacement is given by the product of velocity and time.
∫vdt=Δx=displacement of body in given time.
Distance is a scalar quantity and displacement is a vector quantity defined by the shortest distance between the initial and the final position.
Acceleration is defined by the rate of change of velocity.
∫adt=Δv=change in velocity in given time.
Thus, the area under the velocity time graph gives the displacement of the body and the area under the acceleration time graph gives the change in velocity of the body.