Translation of "Passivkonto" into English

liability account is the translation of "Passivkonto" into English.

Passivkonto
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German-English dictionary

  • liability account

    noun

    Nicht realisierte Verluste werden dem Gewinn- und Verlustkonto belastet; die entsprechenden Beträge werden einem Passivkonto ("Sonstige Passiva") gutgeschrieben.

    Unrealised losses shall be debited to the profit and loss account and such amounts shall be credited to a liability account (other liabilities).

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