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    miikam's Avatar
    miikam Posts: 2, Reputation: 1
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    #1

    Oct 6, 2011, 03:57 PM
    Current liabilities
    Do customer accounts with credit balances belong in the current liabilities section of the balance sheet?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 6, 2011, 07:29 PM
    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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