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What balance sheet account is used for both credit card accounts and a bank line of credit?

April 26, 2017account accounts balance sheet Bank credit card line of credit Used

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What balance sheet account is used for both credit card accounts and a bank line of credit?

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Answer Both are current liablities, if the credit line is significant it should have its own line on the balance sheet. The credit cards should be a part of accounts payable. If it is credit card money due you, it should be treated the same as accounts receivable.