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What else can I help you with?
Is fixed deposits is an asset or liabilities?
Liability
Is accounts payable a fixed assets?
Accounts payable is not a fixed asset rather it is a liability for company and shown in liability side of balance sheet.
Is goodwill a liability?
goodwill is not a liability. goodwill is an intangible item that is shown in the balnce sheet in the fixed assets sextion
Sundry creditor is a -------------- 1.current liability 2.long term liability 3.current asset. 4.fixed asset.?
Sundry creditor is current liability.
What is loan capital?
This is capital employed which is not Equity. It is a liability and attracts a fixed interest with a capital repayment made at the end of the life of the liability
Are fixed assets a liability?
Fixed assets are not liabilities, they are assets that can not be quickly liquidated (turned into cash). If the company goes under, fixed assets would be difficult assets to get cash for.
Why is a share of OGDC common stock an asset for its owner and a liability for OGDC?
why is share of OGDC common stock an asset for its owner and a liability for OGDC?
Is rent expense a current or fixed liability?
Rent expenses are generally termed Fixed expenses rather than variable expenses. It is fixed because it is consistent of a term and cannot be adjusted if revenues change.
Give a example of Increase an asset and increase a liability.?
When we purchase fixed asset on credit then it increases our Assets and also increase liability. Transaction as follows: Asset [Debit] Payable [Credit]
What are the Journal entries for a sale of subsidiary?
There are several important journal entries for the sale of a subsidiary. These include: Fixed assets, current assets, current liability, deferred tax liability, and goodwill.
Is warranty is part of fixed assets?
No, a warranty is not considered a fixed asset. Fixed assets are long-term tangible assets, such as property, plant, and equipment, used in the production of goods or services. A warranty, on the other hand, is a guarantee provided by a seller or manufacturer regarding the condition and longevity of a product, and it is typically classified as a liability or a contingent liability rather than an asset.
Is common stock a liability?
No, common stock is equity, it represents the capital provided by the owners. A liability is an obligation of the firm to other parties (like repay a bank loan, etc).
