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Is cash an asset liability or equity?
asset equity
Are retained earnings an asset equity or liability?
asset equity
Is rent income a asset liability or owners equity?
asset liability
Is cash an asset liability or owners equity?
asset
Is supplies expense a liability or asset?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is cash an asset liability or equity?
asset equity
Are retained earnings an asset equity or liability?
asset equity
Is rent income a asset liability or owners equity?
asset liability
Is drawings an asset equity or liability account?
equity
Is cash an asset liability or owners equity?
asset
Are cleaning supplies an asset or liability?
supplies that are owned owned = asset = asset
Is supplies expense a liability or asset?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is expense a asset or liability?
Supplies expense is neither an asset nor a liability it is an expense. Prepaid supplies would be an example of an asset and as the supplies are used they become expenses, supplies expense.
Is revenue an asset liability or owner's equity?
sales revenue is owner's equity
In accounting are wages considered liability or equity?
It is an asset.
Paid-in capital a asset or liability?
Neither, it is equity
What will increase one asset and decrease another asset with no effect on liability or owner s equity?
Purchase an asset on cash will increase the purchased asset while reduce the cash amount and no impact on liability or equity section.
