liability account造句

The debit balance account, Discount on Bonds Payable, is a contra-liability account.

Upon receipt of an advance payment from a customer, the company debits Cash and credits a liability account such as Unearned Revenue, or Customers' Deposits.

Among the improper adjustments discovered by the investigators were the creation and release of accruals and reserves, the transfer of express accruals from one liability account to another, and the use of excess balances to offset unrelated expenses in later periods.

The Balance Sheet is a report of the asset and liability accounts.

For example, in an accounting application, consistency would include the invariant that the sum of all asset accounts equal the sum of all liability accounts.