Question

which transactions are negative in liability side​

Answer 1

Explanation:

A negative liability typically appears on the balance sheet when a company pays out more than the amount required by a liability. ... Most negative liabilities are created in error, so their presence indicates problems with the underlying accounting system.

Answer 2

Answer:

Account Type Normal Balance Negative Balance

Liability Credit Debit

Contra Liability Debit Credit

Equity Credit Debit

Contra Equity Debit

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