Since both sides of the balance sheet (the Assets side and the Liabilities/Owners' Equity side) must have equal totals, an entry showing an increase in an asset must be balanced with an corresponding increase in a liability or a decrease in another asset.Generally, an increase in an asset (e.g., the acquisition of a new asset) means that either we have decreased another asset (e.g., cash) to pay for it, or we have incurred debt to acquire the asset (thereby increasing our liabilities).1) increase in one asset - corresponding decrease in another asset (e.g. we pay cash for new asset)2) increase in one asset - corresponding increase in a liability (e.g., we acquire an asset on credit)
When company purchases supplies from vendors they are require to pay them at the same time but instead of paying them out immediately they got the time to pay in future so it is the liability of the company to pay them that;s why accounts payable is liability and not the asset.
Taxes are never an asset (unless you are the government), you have to pay taxes which is an expense and or liability depending on when you pay them. An intangible asset is something you can't see or touch, like a patent on something you invent
asset
It's both !.. It's an asset - in that you can sell it to raise cash. It's a liability - in that you (usually) have to pay a mortgage every month.
they pay you in tonka toys and hot wheels
Target pays .75 more than minimum wage.
$7.50 an hour, starting wage.
$19,247 according to Salary.com
seventeen dollars an hour
Kohl's doesn't pay enough. Their pay is well below Target's compensation.
however important there target is depends on there pay.
You go to target switch your card and then you pay
I started off making $10.00 an hour at a Wal-Mart in South Florida. Even with an employment background in law enforcement for five years. The pay is horrible for the work they expect you to do. I honestly believe the starting pay should be at least $13.00 an hour.
It varies based on job, experience(of course), and location.
I make 18$ an hour plus mileage.
Any money you owe to someone else is a liability to you and an asset for them. You have to pay (liability) and they get to receive (asset).