Deposits are considered liabilities for a bank because they represent money owed to customers who have deposited their funds. The bank must return these deposits upon demand, making them a financial obligation. For the depositor, however, the deposit is an asset since it represents a claim on the bank's resources. Thus, the classification depends on the perspective: a liability for the bank and an asset for the depositor.
Liability
mkm,
Security deposits from customers side is a liability for business.
yes It is an Asset, not a Liability.
asset liability
Liability
mkm,
Security deposits from customers side is a liability for business.
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
fix deposits are not collateralised. that's why they are called unsecured loans every asset and liability comes in B/s
yes It is an Asset, not a Liability.
asset
asset liability
Demand deposits are considered liabilities on the accounting books of a bank. This is because the bank is obligated to repay the deposited funds to the account holders on demand. It is essentially a debt owed by the bank to the account holders.
It is an asset
Asset.
asset