Credit Cards

J.Verle.Neilson
Member ✭
Why are credit cards listed under banking instead of under liabilities like other debts?
0
Best Answer
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Probably for the same reason that Savings and Checking acocunts aren't listed as Assets under Property. Technically, everything in accounting is either an asset or a liability, but Quicken breaks down the common types of account users have transactions in.Quicken Mac Subscription • Quicken user since 19935
Answers
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Probably for the same reason that Savings and Checking acocunts aren't listed as Assets under Property. Technically, everything in accounting is either an asset or a liability, but Quicken breaks down the common types of account users have transactions in.Quicken Mac Subscription • Quicken user since 19935
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