Income of any kind is Revenue so... no - it is NOT an asset. However - the investment or savings that earned you the interest IS.
What kind of an account (asset, liability, etc.) is Allowance for Doubtful Accounts, and is its normal balance a debit or a credit?
When business is started without cash then may be owner invested some kind of asset in business journal entry is as follows: [Debit] asset in kind [Credit] Owner's Equity
asset
Asset Reconcilation means reconcilation of asset, verifying the asset with the available cash.
Tangible asset
A variable asset/liability and a commodity.
naggers
buffalo
cows and cattle
Just give me the answer!
chikens
traffic
Goats and sheep mostly.
Livestock branding is a kind of technique for marking livestock to identify the owner. Some of the modern usage of livestock branding are proving ownership of lost or stolen animals and must serve as a proof of ownership.
Income of any kind is Revenue so... no - it is NOT an asset. However - the investment or savings that earned you the interest IS.
asset and liability management