Question

liability is which account​

Answer 1

Explanation:

A liability account is a general ledger account in which a company records its debt, obligations, customer deposits and customer prepayments

Answer 2

A liability account is a general ledger account in which a company records its debt, obligations, customer deposits and customer prepayments, certain deferred income taxes, etc. that are the result of a past transaction. ... The company with the liability account for the debt or payables is known as the debtor