neither
neither
asset liability
asset
Cash is an asset. It could also be part of what makes up an owner's equity.
asset equity
neither
asset liability
asset
A bad debt is a expense which affects the owners equity as it is charged against the profit and loss account and it decreases the profit of the business.
Cash is an asset. It could also be part of what makes up an owner's equity.
Depreciation expense is neither an asset or liability. It is an expense.
asset equity
account
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.
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
Retained earnings is that part of profit which is not distributed to the share holders so it is the liability of the business towards its owners and that's why like all liabilities it is also the liability of business and shown in balance sheet.