0
- For many couples money can certainly be an asset, but the more money one has the more they have to work and the more one or both partners may be away from each other and any children they may have the more the personal relationship fails. To have a fair amount of money one has to pay the price of the lack of quality of time with their partner and any children they may have. For other couples a lot of money may fill a need in their life that is not filled by the money at all so all they do is spend and live an incomplete life which can end up ruining a relationship. Then others who are wealthy and are dating never know if the person that is interested in them really loves them or their money.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Is money owed by a customer an asset or a liability?
yes- (it is an asset)
Why creditors are laibility?
Any money you owe to someone else is a liability to you and an asset for them. You have to pay (liability) and they get to receive (asset).
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
Is Investor Equity an asset or liability?
Investors are those persons who invests money in business so they are the owners of business as well and that amount is the liability of business to pay back to it's owners that's why it is the liability and not the asset.
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Is asset or liability?
asset
What is differentiate assets and liabilities?
So many people misunderstand Asset and Liability, they seems to refer to liability when talking of asset. Properties like car, house etc have always been the substances for the misunderstanding. However, Asset is simply any substance (property) that brings or accrues money to an individual while Liability is any substance that an individual spends money on, that which takes out money from your pocket.
Is rent income a asset liability or owners equity?
asset liability
Is property an asset or liability?
Asset: It is a resource controlled by the entity with the future economic benefit flowing to the entity as a result of past transaction.
Is equipment an asset or liability?
Asset
Is premises a asset or liability?
asset
Is equipment liability or asset?
Asset
