Asset.
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
how to calculate vat liability under works contract under delhi vat
VAT is typically not included in the capitalization of fixed assets as it is considered a recoverable tax that will be offset against VAT collected. For property, plant, and equipment, the cost is usually recorded net of any VAT paid. VAT is treated as a separate tax liability or asset depending on whether it's recoverable or payable.
yes It is an Asset, not a Liability.
asset
asset liability
Asset
Asset
It is an asset
asset
Asset.