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Is a positive balance in your cheque account a asset or liability to you and the bank?
For Bank: Liability For You: Asset
Is a security deposit a current asset or current liability?
Current Asset
Cash at the bank as an asset and as a liability?
ASSET
Is cash at the bank an asset or liability?
Cash at the bank is an asset for you but a liability for the bank if it is held in a checking or regular savings account.
is a security deposit as an asset or a liability?
Security deposits from customers side is a liability for business.
Is deposit acredit or debit?
If it is customer deposits then it is liability of business to be paid then its balance is credit but if it is deposit with other companies or in bank then it is asset of business and default balance is debit balance.
Is a bank loan a financial asset?
Bank loan is a liability for business not an asset for business.
What is the journal entries for deposit paid on a asset?
deposit account (asset) = dr bank =cr
Is a check deposit a liability to the bank?
No
How are items that is reported as credits on the bank statement represent a additions made by the bank to the company's balances or b deductions made by the bank from the company's balance?
On the banks books a deposit by a customer is as asset of yours but the bank's liability to you. In accounting a liability is reflected as a credit. So your deposit, an increase to your balance, is reflected as a credit on the statement. Conversely a disbursement of funds by a customer is a debit on the statement, reducing the customers balance as well as reducing the banks liability to you . Hope that helps.
What is net liability?
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
What has the author Kelly R Eckhold written?
Kelly R. Eckhold has written: 'Bank asset valuation and risk in Australasia' -- subject(s): Mathematical models, Prices, Bank stocks, Asset-liability management (Banking), Asset-liability management
