10 Replies Latest reply: Dec 12, 2007 12:06 PM by KAREEM MOHAMMAD RSS

bank account - asset or liability

vijaykumar domakonda
Currently Being Moderated

Hi Experts,


I have to create a CC Bank ledger account. This account is dynamic it may  dr or cr values at any point of time depending on the cheques issues/deposited.


My question is <u>is this Assest account or Liability account</u> because this account balance changes rapidly from time to time.


Pl. help.