answersLogoWhite

0

Subjects>Business>Accounting

Is Proceed of sale An asset or liability?

User Avatar

Anonymous

∙ 16y ago
Updated: 4/28/2022

no, it can be capital gain or loss

User Avatar

Wiki User

∙ 16y ago
Copy

What else can I help you with?

Continue Learning about Accounting

Is a trade debtors asset or liability?

yes It is an Asset, not a Liability.


Is rent income a asset liability or owners equity?

asset liability


Is debtor an asset or liability?

It is an asset


Is Cash an asset or liability?

Asset.


Is a premises an asset or liability?

asset

Related Questions

What is net liability?

Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset


Decrease an asset account and decrease a liability account?

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.


Is a trade debtors asset or liability?

yes It is an Asset, not a Liability.


Is asset or liability?

asset


Is rent income a asset liability or owners equity?

asset liability


Is debtor an asset or liability?

It is an asset


Is Cash an asset or liability?

Asset.


Is a premises an asset or liability?

asset


Is premises a asset or liability?

asset


Is equipment an asset or liability?

Asset


Is equipment liability or asset?

Asset


Is land an asset or liability?

Asset

Trending Questions
What are some of the limitations of income distribution measurements? What is the average Administrative Assistant salary? A company has a total assets of 10250 dollars and its owner equity is 5000 dollars how much are the liabilities of the company? What is a form IRS acs support - stop 813g? What is the fundamental aspects of computerisedaccountig and development of computerised accounting? What is the direct material in chock peace? What is the typical method for aging accounts in accounts receivable? Why is Saint Matthew the patron saint of tax collectors? Where can you find the phone number for a collection agency on your credit report? How many dependents do i claim on my w2 to get the least amount of money held out of my check? What is Ocbc Iban number? How long should you keep paid bills? How can you verify a Bankers Draft from HSBC? What is the mailing address for IRS form 940 if you live in VA? Describe the role of the general accounting office? What does a purchase on account mean? How much taxes do Swedish people pay? What is the difference between contribution and profit? What is the BAH rate of a sodier living off post with one dependent? How many digits banks routing number have how many digits the account has?

Resources

Leaderboard All Tags Unanswered

Top Categories

Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics

Product

Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ

Company

About Us Contact Us Terms of Service Privacy Policy Disclaimer Cookie Policy IP Issues
Answers Logo
Copyright ©2026 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.