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 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

Are creditors accounts payable or accounts receivable? What is the IRS Form K-1 mailing address for CO? Is sales a revenue account? How much does it cost to have someone prepare your taxes? What is a contribution approad income statement? What POS Equipment will manage my inventory? What does bp mean on a bank statement? Who made rich pay less? What is check and balinstis? What is the software quickbooks? Do the words account payee only exclude the transferability of the cheque? What should you do if you don't receive a w2 by the deadline? What are the Sources of information for writing up control accounts? What is the amount of money in an account called? Is storage taxable? Where is Ja biztown? How do you find out who is the Administrator of your grandmother's estate who has unclaimed money owed to her? What is the basic principle of tax system? How do you calculate gross enrollment rate? What are the responsibilities of tax practitioners?

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.