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Returning Member
posted Jun 3, 2019 10:36:50 AM

Is credit card debt a liability?

Is credit card debt a liability?

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1 Best answer
Expert Alumni
Jun 3, 2019 10:36:52 AM

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

1 Replies
Expert Alumni
Jun 3, 2019 10:36:52 AM

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