Asset
Building is an asset of business by utilizing which company earns revenue to pay all liabilities and owner's capital.
Debit - expense or asset Credit - income or liability As land is an asset, it is a debit entry with the credit being to Bank/Cash/Sellor of the land
yes It is an Asset, not a Liability.
asset liability
Asset
Unless there is something badly wrong with the land it is an asset, not a liability.
Unless there is something badly wrong with the land it is an asset, not a liability.
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
Building is an asset of business by utilizing which company earns revenue to pay all liabilities and owner's capital.
Debit - expense or asset Credit - income or liability As land is an asset, it is a debit entry with the credit being to Bank/Cash/Sellor of the land
yes It is an Asset, not a Liability.
asset
asset liability
LAND
asset
Asset.