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jarptica [38.1K]
3 years ago
5

Is a credit card balance a liability or asset​

Social Studies
2 answers:
wolverine [178]3 years ago
7 0

Answer:

Liability

Explanation:

A liability is a money you owe. a liability might be a short term e.g credit card balance or a long term e.g mortgage.

Olegator [25]3 years ago
6 0

Answer:

A credit card is a liability. Because a liability is money that you owe to another. Whereas, an asset is any resource owned or controlled by business, for example a bank

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