sales revenue is owner's equity
asset liability
asset
Building is an asset of business by utilizing which company earns revenue to pay all liabilities and owner's capital.
neither
Cash is an asset. It could also be part of what makes up an owner's equity.
asset liability
asset
Building is an asset of business by utilizing which company earns revenue to pay all liabilities and owner's capital.
neither
there are Five basic account heads in accounting, which are given below:AssetsLiabilitiesCapital (Owners Equity)ExpenseRevenueand sales belongs to Revenue.If looking at the Accounting equation: Assets = Liabilities + Owners Equity.Capital, Expense and Revenue are all sub categories of Owners Equity. If sales is revenue then it would fall under Owners Equity.
Cash is an asset. It could also be part of what makes up an owner's equity.
asset equity
account
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.
asset equity
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Capital is the amount contributed by company's owners toward company that's why it is a liability of company to payback on occasion of dissolution that;s why it is treated as owner's equity and comes under liability side of balance sheet and not as an asset of company.