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Liability accounts will normally have _ balances?

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تم إضافة السؤال من قبل Imdad Hussain Rajput , Assistant Sales Manager , Forego
تاريخ النشر: 2015/08/02
Dilip Basnet
من قبل Dilip Basnet , "The Owner" , Self-Owned Commercial Online Venture

Liability accounts normally has credit balance. When you settle the same, then it will have opposite account. 

 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Credit>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

2. Credit

Liability accounts reflects the other resources provided by people or firms other than the owners of a business hence credit balance.

Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

Credit sign .................

Mehboob Ali Laghari
من قبل Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union

Liability has credit balance

famuko oluwole akinwale
من قبل famuko oluwole akinwale , account executive , hallmarkglobalpetroleum

Its credit balance, because if it not liability it will not have credit balance.

Gyasuddin Ahamad Ansari
من قبل Gyasuddin Ahamad Ansari , Accountant , Shiv Shakti Dall Mill Pvt.Ltd.

Liability Accounts show outstanding.So It Must have Credit Balance.

sufian pasha
من قبل sufian pasha , audit assistance , siddaiah and ram chartered accountant

Obviously credit balance , option2

Said Shaban
من قبل Said Shaban , Accountant , Tri State Materials Testing

The correct answer :2

Liability accounts normally have a credit balance .

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