Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
yes It is an Asset, not a Liability.
if you have a asset and you sale it and then money which you get pay as a liability so decreas in asset and decreas in liability occurs.
For Bank: Liability For You: Asset
Depreciation expense is neither an asset or liability. It is an expense.
It is an asset
An asset makes a profit, either on a periodic basis, or when you sell the asset. A liability is an expence on a periodic basis, or a loss is made when disposed off. OR An asset is something which we own and liability is something which we owe.
Its an asset.
it is an asset
premises is an asset
It's an asset.
If you receive a dividend from your investment, it is an asset. If you pay a dividend to those who invested with you, it is a liability.
Is the fair value of an asset retirement obligation recorded as an increase to the related asset and as a liability?
Is it true the fair value of an asset retirement obligation recorded as an increase to the related asset and as a liability?
No an asset it is created as an deduction from acc. rec. and acc. rec. is counted as an asset which is Dr. and so Allowance f d.d. is counted as an Cr. but its not a liability. if it must be counted as an asset or liability, u can treat it as an opposide of asset.
It is recorded as an asset.
Services revenue is revenue same as product revenue and it is not an asset or liability of the business.
Paying A/P: Decrease in Cash (Asset), Decrease in A/P (Liability)
supplies that are owned owned = asset = asset
It is a current liability
If your divident is the result of your own investment, it is an asset. Divident payable is a liability.
advance paid is current asset and advance received is current liability.
Suppose if you have a house and you are paying it then it cannot be asset because it is taking out of your money and not giving money and that is liability.
Loan acquired to buy an asset is a liability of business so interest incurred on that loan is also part of that loan and that's why it is also the liability of business.
It is a contra asset account; thus, an ASSET
the the population of India is an asset
yes- (it is an asset)
Drawings are classified as an liability to the business
Cash discounts are a liability.
Decrease in asset means being using of it decreases and liability decrease means payable of debts decreases.
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.
Accumulated Depreciation is a contra account to reduce the value of any asset so if it is created to reduce any asset so definitely it has a liability account.
None!- Its liability.
Yes, Asset side, I am contributing my share to GDP Liability side, Social security systems.
why is share of OGDC common stock an asset for its owner and a liability for OGDC?
The transaction would increase an asset account and increase a liability account?
Capital stock is part of 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.
Are the maquiladoras in northern Mexico more of an asset or a liability to the communities in which they are located?
no owners capital is not an asset its an internal liability for the company
The opposite of a liability is an "asset." The opposite of liability would be immunity, impunity, exemption, or unaccountability.
Retained earnings are non distributed profit part and hence a liability of the company to payback to the owners of company on case of dissolution that's why retained earning is liability and not the asset.
Long term loan is a liability.
It is a liability
Share is treated as liability. It is not treated as asset. shares is called as share capital. capital is entered in the liabilities side of the balance sheet.