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Is Proceed of sale An asset or liability?

Anonymous

∙ 16y ago

Updated: 4/28/2022

no, it can be capital gain or loss

Wiki User

∙ 16y ago

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Continue Learning about Accounting

Is a trade debtors asset or liability?

yes It is an Asset, not a Liability.

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asset liability

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Asset

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Is debtor an asset or liability?

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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 equipment an asset or liability?

Asset

Is land an asset or liability?

Asset

Is debtor an asset or liability?

It is an asset

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asset

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Asset.

Is debtor asset or liability?

asset

Is equipment liability or asset?

Asset

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