Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
edandb2016
Returning Member

Is credit card debt a liability?

Is credit card debt a liability?

1 Best answer

Accepted Solutions
MinhT
Expert Alumni

Is credit card debt a liability?

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"

View solution in original post

1 Reply
MinhT
Expert Alumni

Is credit card debt a liability?

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"
Dynamic AdsDynamic Ads
Privacy Settings
v