0

Subjects>Business>Accounting

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

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 equipment an asset or liability?

Asset

Is land an asset or liability?

Asset

Is debtor an asset or liability?

It is an 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 stock taking policies? What does pribbling mean? What can be the conclusion for depreciation? How will make entry for bank over draft? Can interest paid on credit cards be claimed on taxes? What is a schedule A of a tax return? Why should you make your small business a limited liability company? How do you get online pay stubs from Casey's general stores? What is ally bank loss payee address? What is administrative overheads? Who is charged for misusing credit cards? What is the term for the interest charged by the credit card company or the business that maintains the charge account? Where can you find the account number in the BDO ATM Card? How many stamps do you need for an a4 envelope? Why is income tax so important for the government? How can you increase your revenue and decrease your expenses? What is shareholder note payable? What are the advantages and disadvantages of sum of the years digit method of depreciation? What is the purpose of using a business database software? What does Ebitda stand for in taxes?

Resources

Top Categories

Product

Company

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.