Why is a negative cash balance reported as a liability?

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Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

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Question Posted: Nov 30, 2017 10:05 AM

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Why is a negative cash balance reported as a liability?

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Cash is an asset account and usually has a debit balance ...View the full answer

Introductory Financial Accounting for Business

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