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Subjects>Law & Government>United States Government

Is the premises note an asset or a liability?

Updated: 8/19/2023

MajedMajood ∙

Lvl 1

∙ 11y ago

Best Answer

Premises as in Property (Commercial/Industrial) are classified as Non- Current Assets

Wiki User

∙ 11y ago

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Wiki User

∙ 7y ago

Promissory Notes issued to Companies is liabilities , whereas when the same are received from other companies, they are assets.

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