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by RevTyler
Thu Mar 14, 2019 11:07 am
Forum: Accounting
Topic: Decrease a Liability
Replies: 1
Views: 396

Decrease a Liability

Hello, In 2017 a donation was given by an outside organization and put into a liability account when deposited for hurricane relief. The money was donated online using a credit card and when the credit card bill was paid in 2017 it was paid from the general fund and that liability was never decrease...