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VISA puts a limit on the amount you can borrow using your credit card. You may view that as a line of credit. The amount you actually borrow on your credit card, i.e. your monthly statement balance, is debt. Even by your incorrect definition, since credit card balances carry interest (and how!) they are debt.

You're reading my post wrong. I said the the Visa card was not A/P, therefore it is debt.

When looking at financial statements there are some naming conventions. So accounts payable have aunique name to help us all understand what we're talking about. It doesn't mean they are not a debt.

A/P and debt are separate line items and though you may think of A/P as debt, it is not for the purposes of creating and reading financial statements. If A/P were merely a special name for debt it would be listed as a subset under debt on the Balance Sheet (or A/P would not be listed at all) and changes in A/P would be shown in the Financing Activites section of the Cash Flow Statement. In reality, A/P is listed independantly of debt on the Balance Sheet and as A/P is a part of working capital, it is shown in the Operating Activities section.

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