Liabilities normally carry a _______ balance and are shown in the ______________.

Name: Liabilities normally carry a _______ balance and are shown in the ______________.
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Question

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Liabilities normally carry a credit balance and are shown on the balance sheet as a component of the company's total liabilities and equity. The balance sheet is the financial statement that presents the company's financial position at a specific point in time, including its assets, liabilities, and equity.

Liabilities Normally Carry a _______ Balance and Are Shown in the ______________

Liabilities Normally Carry a _ Balance and Are Shown in the ________