0

Subjects>Business>Accounting

Is a cheque an asset or liability?

Anonymous

∙ 10y ago

Updated: 9/24/2023

It comes under liability

Sedrick Sawayn ∙

Lvl 10

∙ 3y ago

What else can I help you with?

Continue Learning about Accounting

Is cheque assets or equity?

A cheque is generally considered a form of asset, specifically a financial asset. When a cheque is issued, it represents a promise to pay a certain amount of money, which is an asset for the recipient. For the issuer, it represents a liability until it is cashed or cleared. Therefore, while it is an asset for the payee, it is a liability for the payer.

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

Related Questions

Is a cheque account an asset or liability?

It comes under liability

Is a positive balance in your cheque account a asset or liability to you and the bank?

For Bank: Liability For You: Asset

Is cheque assets or equity?

A cheque is generally considered a form of asset, specifically a financial asset. When a cheque is issued, it represents a promise to pay a certain amount of money, which is an asset for the recipient. For the issuer, it represents a liability until it is cashed or cleared. Therefore, while it is an asset for the payee, it is a liability for the payer.

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

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 equipment an asset or liability?

Asset

Is land an asset or liability?

Asset

Is debtor an asset or liability?

It is an asset

Is a premises an asset or liability?

asset

Is Cash an asset or liability?

Asset.

Trending Questions

Are state income tax payments deductible on a corporate tax return? How do you calculate gross impressions? What is the income tax on 71000 dollars ayear single 0? Is it true that the larger the contribution margin ratio the smaller the amount of sales required to cover a given amount of fixed expenses? Is a petty cash account an asset with a normal credit balance? How can I DESPUTE WIth chexsystem? List down the substansive tests that can be taken to audit petty cash? Is revenue an asset? Where does stationary go in balance sheet in Accounting? How your last pay stub? What is the audit program of cost of goods sold? What is the difference between cost accounting management accounting and financial accounting? What is the most widely used pointing device today? Who is the primary actor in a payroll system employee or the payroll officer? Can you claim cost for getting medical records as a medical expense on income tax return? What is the difference between secured and unsecured bonds? What could Mycenaeans pay their taxes in? Name change and filing taxes? How can you get copies of state tax withheld on your W-2? How much is 1000 Apaxmai in the US?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. 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.