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 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
Explain the advantages of using flexible budget as part of budgetary control system? Does the general journal have to balance? What does the Line Tech at ja biztown do? What is Target Store method of inventory valuation? What is the journal entry for Outstanding amount owing to Office Supplies? Is the normal balance side of a liability account the debit side? What is a auctioneer's yearly salary? You are going to small claims for an old debt from 4 years ago your credit report says Creditors statement Account legally paid in full for less than full balance what does this mean? Why didn't my child tax credit change the amount of my refund? How do I claim exempt for a pay period? How can you tell that a managing account has been partially marked for extract? How much taxs is taken out of 6000 dollars? What does ltd mean on my pay stub? 8 What does routine maintenance of office equipment involve? What tax return forms are required for a small business? How much does a church secretary earn per hour? What do you do if you filed your taxes as married filing jointly but you forgot to add your spouse's income and are there any penalties associated with this if your spouse made under 5000? How do you file taxes as an independent contractor? What is the sales tax in Brandon Florida? What address for 941 form quarterly?

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.