CC>  BW> Huh?  Credit balances are liabilities on the balance sheet with
CC>  BW> regard to how the account may be captioned.  (Okay, a few are k
CC>  BW> as "contra-assets" -- such as accumulated depreciation and bad
CC>  BW> reserves.)
CC> We were talking about using a bank account to record credit card pur
CC> bank account: asset, credit card: liability.
So it's a negative asset.  Unless you're running a business where the
IRS might come audit your books, does it really matter?
Regards,
Daniel              ddjones@pinn.net
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 þ RM 1.31 1604 þ Keep the South beautiful.....put a Yankee on a bus!
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