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
Do I Have to Pay Taxes on My Interest from CD Savings Account? What tasks are performed in a point of sale terminal? How do you do the apparel costing? What does futa mean on a payroll pay stub? What is dividends Payable classified as? What is directors current account? Which is a current liability account? Are your expenses tax deductible when you work at home? What is the difference between an annual report and prospectus? Do you need all of your Schedule K-1 to file your personal income taxes? Where do you present the vat payable account in the financial statement? If you just paid items on your credit report will they come off your report if you dispute them to credit bureau? Why do you need the accumulated depreciation account? What are West Virginia inheritance tax rates? What is a adjoining sheet diagram? Can you deduct group insurance premiums on taxes? How much tax would you pay on 800000 per year? Can 2 people claim a child on their tax return? How long does a person have to revoke their check after it has already been put on a prepaid debit card? What time of day does the IRS update their site?

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.