Is credit card debt a liability?

edandb2016 · ‎June 3, 2019

MinhT · ‎June 3, 2019

Yes, a credit card debt is a liability. For a business, it is listed on the balance sheet under Current Liabilities.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Get your taxes done using TurboTax