Question

Is a credit card balance a liability or asset​

Answer 1

A credit card is a liability. Because a liability is money that you owe to another. Whereas, an asset is any resource owned or controlled by business, for example a bank

Answer 2

Liability

Step-by-step explanation:

A liability is a money you owe. a liability might be a short term e.g credit card balance or a long term e.g mortgage.