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Is a premises an asset or liability?

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Anonymous

∙ 15y ago
Updated: 9/18/2023

asset

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∙ 15y ago
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Is premises an asset or liability?

premises is an asset


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.

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Is premises an asset or liability?

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Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset


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Premises as in Property (Commercial/Industrial) are classified as Non- Current Assets


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