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
Disadvantages of a current account? What is routing number for banco agromercantil? What is an average Manufacturing company annual sales per square foot? Accrued interest vs interest payable? I claim two on my W-4 and am single and you still owe on taxes how many should you claim? What is apples break even point? How do you get your tax form it was sent to the wrong address? What information is NOT recorded on a deposit slip? What would be an example of expansionary fiscal policy? What is Absorption Costing and how is it different from Variable Costing? How much can a widow earn before paying taxes? Explain the test that you would perform to test the correctness of pricing of raw materials Accounting? What is the time taken for credit card processing? What does it mean when I'm over the threshold when making a payroll tax payment? What is the exact meaning of liability define? How long does a checking account garnishment last in Arkansas? What is 3-Way Invoice matching? What is difference between commercial invoice and proforma invoice? What are the Importance of Break Even Point? What are the various examples of Petty Cash?

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.