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  • Credit card and line of credit accounts. Use these to track your credit cards, lines of credit, and equity lines.
  • Liability accounts. Use these to track something you owe, such as a mortgage or car loan. For a business, use liability accounts to track accrued liabilities or accounts payable.

Accounts that track what you are owed

  • Lending Loan. Use these to track business or personal debts that are owed to you.