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What else can I help you with?
How do you decrease a liability?
Liabilities are decreased by a debit entry...typically a cash payment (Dr. the liability; Cr. Cash)
Is cash at the bank an asset or liability?
Cash at the bank is an asset for you but a liability for the bank if it is held in a checking or regular savings account.
Is Cash an asset or liability?
Asset.
Cash at the bank as an asset and as a liability?
ASSET
Does the payment of a liability decrease both cash and accounts payable?
no it just decreases cash
ARE Cash discounts AN asset or liability?
Cash discounts are a liability.
Is received cash from issuing stock an asset?
Yes, cash received is an asset while stock issued is liability. Cash is asset because this cash now be use for the business benefit.
Is cash a current liability?
No
How do you decrease a liability?
Liabilities are decreased by a debit entry...typically a cash payment (Dr. the liability; Cr. Cash)
Is cash at the bank an asset or liability?
Cash at the bank is an asset for you but a liability for the bank if it is held in a checking or regular savings account.
Is Cash an asset or liability?
Asset.
Cash at the bank as an asset and as a liability?
ASSET
Is Cash Credit Loan a current Liability?
no
Where does income tax liability go on the cash flow statement?
income tax liability is not part of cash flow statement rather it is part of balance sheet.
Does the payment of a liability decrease both cash and accounts payable?
no it just decreases cash
Is the cash dividend paid asset or liability?
is an asset
Is cash an asset liability or equity?
asset equity
