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.

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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.

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