No. Furniture is an asset.
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
yes It is an Asset, not a Liability.
asset
Furniture can be considered as a capital asset for businesses or individuals. It is a tangible asset that is used for productive purposes, such as providing seating or storage. However, if furniture is purchased through borrowed funds, it may also create a liability in the form of debt that needs to be repaid.
asset liability
Asset
asset
Asset
Asset.
asset
asset