Forum Discussion
LRBooks61
2 years agoUltimate Cover User
Hi
a liability account is a credit account (-)
so if the balance is a negative it shows in the balance sheet as a whole figure as it is an assumed negative
if the liability is positive it would show as (54)
as an example a loan in the liability account would show as $50000
less unexpended interest (500)
hope that helps to explain
Lisa