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    abkongi's Avatar
    abkongi Posts: 5, Reputation: 1
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    #1

    Feb 27, 2012, 06:45 PM
    Accounting
    Liabilities are not the claims of creditors to a company's resources.
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    abkongi Posts: 5, Reputation: 1
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    #2

    Feb 27, 2012, 06:49 PM
    Accounting
    Liabilities are not the claims of creditors to a company's resources. True or False
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    abkongi Posts: 5, Reputation: 1
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    #3

    Feb 27, 2012, 06:51 PM
    Accounting
    Liabilities normally have a left-hand balance. True or False.
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    pready Posts: 3,197, Reputation: 207
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    #4

    Feb 27, 2012, 06:59 PM
    Liabilities have a normal credit balance.

    Debits are on the left side of the T account, while credits are on the right side of the T account.
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    pready Posts: 3,197, Reputation: 207
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    #5

    Feb 27, 2012, 07:01 PM
    A liability is where the company owes money to a creditor.
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    pready Posts: 3,197, Reputation: 207
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    #6

    Feb 27, 2012, 07:02 PM
    This is a duppicate post and has been answered on the other post.
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