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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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Guest
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| Posted: Tue Aug 31, 2004 2:43 pm Post subject: liability question |
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| What is a transaction that can decrease a liability and increase a liability? |
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Guest
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| Posted: Wed Sep 01, 2004 7:21 am Post subject: RE: liability question |
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Kristi:
How about getting divorced and then remarrying?
or
Finally getting the kids out of the house when they graduate, only to have them move back in later.
or
crediting the wrong liability account and then making the correcting entry.
Richard
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Guest
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| Posted: Thu Sep 09, 2004 4:13 pm Post subject: RE: liability question |
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| Well Richard..thanks for the advice..well I believe I have answered this question. It is more of a rob peter to pay paul type of answer or to refinance. However your suggestions were good. I do believe I'm on that track with the divorce part...not sure of the remarrying part. However as far as the children are concerned I think I can pass on that one for now as I have no children. Thanks, Kristi |
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