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 does pending mean on A CHECKING ACCOUNT? What does pumphlet mean? The Posting Reference entry in the ledger account for the Breneman Management Service entries is? Can you return a certified check that is not used? Where is the receipt of a notes receivable reported on the statement of cash flows? Can i write off real estate taxes on rental property? What pa stub mean? What does QuickBooks do for you? Does repair and maintenance have a debit or credit balance? The audit opinion sets out explicit opinions which must be stated in the audit report.? How many years are in between expiration dates on a American express? What companies must use gaap? What software is a simplified accounting program that helps home users and small office users balance their checkbooks and pay bills? If your bank account says EFT Charged Off does this mean that the account is closed? Is depreciation a controllable cost? File 1040ez form online? What is payment slip? Are freight costs period or product costs? Reasons to Pay an Online Credit Card Bill? Why do they take off so much taxes from someone who is single?

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.