| 单词 | liability account |
| 释义 | liability account in Accounting (laɪəbɪlɪti əkaʊnt) Word forms: (regular plural) liability accounts noun (Accounting: Financial statements, Balance sheet) account , account A liability account is an account recording a company's liabilities. The amount of the fee representing estimated refunds should be credited to a monetaryliability account. The original entry to record unearned revenue involves a debit to Cash and a creditto a liability account. A liability account is an account recording a company's liabilities. |
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