0
Technically no, but it would really depend on what the company did in response to you trying to keep it. They could report the asset stolen or worse.
There is only two ways to legally obtain an asset against money owed, mutual agreement between you and the owner, and by order of the courts (ie., Writ of Garnishment and Seizure).
At the end of the day, just keeping an asset of the company amounts to theft, even if they owe you a zillion dollars.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are Assets and liabilities?
Asset- An asset is something that the company owns. Examples of this are equipment, land, buildings, supplies, and cash. It can also include money owed to the company, and accounts receivable. Liabilities- A liability is something that the business owes to someone else. Some examples of this are loans and accounts payable.
A company owes me money how do i get them to pay?
call them and talk about it. No longer have phones.
What is the difference between debt and deficit?
Debt is the total amount of money that a country (or company) owes. Deficit is the amount that a country (or company) loses each year.
Who owes china money?
America
What do you call someone who owes you money?
borrower
How do you find money that Company's owe you money?
take it and keep itAnswerYou have to keep track of your personal finances and if you think someone or a company owes you money then check it out and make sure if they do or don't.
What is the appropriate classification of customers accounts with credit balances in a balance sheet?
If a customers account has a "credit" balance, this means the company owes that customer rather than the customer owing the company. Customer accounts tend to have a debit balance, meaning the customer owes the company that amount. It is rare when a company owes a customer, if this does happen, the account becomes a liability instead of an asset because of the fact that now the company owes money rather than is "owed" money.
Who to contact about money owed you from your pension money that was owed you?
The company that owes you the money.
What are Assets and liabilities?
Asset- An asset is something that the company owns. Examples of this are equipment, land, buildings, supplies, and cash. It can also include money owed to the company, and accounts receivable. Liabilities- A liability is something that the business owes to someone else. Some examples of this are loans and accounts payable.
Are debtor an asset?
No, debtors are not assets; they are liabilities. Debtor refers to someone who owes money to another party. In accounting, debtors are recorded as accounts receivable, which is an asset. However, from the perspective of the debtor themselves, the amount they owe represents a liability, not an asset. Assets are resources owned by a person or company that have economic value and can be used to generate future benefits. Liabilities, on the other hand, represent obligations or debts owed by a person or company to others.
A company owes me money how do i get them to pay?
call them and talk about it. No longer have phones.
Is salary current asset to company?
A salary would be something you would pay an employee, therefore it would be something the company owes, making it a liability when it is recorded but not paid, an expense when it is paid.
What is account payable and receivable?
Account payable is a record of money your company owes to another company/person. Account receivable is a record of money owed to your company by another company/person.
Which report shows the money your company owes over the next 90 days?
Aging report
What is accounts payable balance sheet?
Accounts payable on the balance sheet is the amount of money the company owes its vendors from invoices the company has received from them (and assuming the company agrees they owe the money)
What is an account payable on a trial sheet?
Accounts payable are ALWAYS listed as a Liability. It is money the company OWES and therefore is a liability to that company.
What shows the money your company owes over the next 30 and 90 days?
A/P aging report
