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  • Oct 6, 2011, 03:57 PM
    miikam
    Current liabilities
    Do customer accounts with credit balances belong in the current liabilities section of the balance sheet?
  • Oct 6, 2011, 07:29 PM
    pready
    If the accounts are due within one year or one business cycle, then yes it is a current liability. If the answer is no, then it will be a long-term liability.

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