is credit card current or long term liability?

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is credit card current or long term liability?

2007-01-05 03:21:25 · 3 answers · asked by sweet 1 in Business & Finance ➔ Credit

3 answers

Current, until you accumulate long-term debt on it by not paying it off. (Long-term being debt that is 1 year plus.) So if you pay yours off on time, then put it as current.

2007-01-05 03:29:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋

it can be both it you dont plan on paying it off

2007-01-05 11:27:20 · answer #2 · answered by ricks 5 · 0⤊ 0⤋

elaborate a little more

2007-01-05 11:24:10 · answer #3 · answered by noel22f 3 · 0⤊ 0⤋