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Is cash in hand an asset or liability?

Anonymous

∙ 13y ago

Updated: 4/28/2022

im going with asset due to the fact that alot of prices are reduced when you pay with cash... its not bad to have money in the bank though

Wiki User

∙ 13y ago

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Is petty cash a asset or liability?

Petty cash is current asset and shown under cash in hand section of balance sheet in asset side.

Is Cash an asset or liability?

Asset.

Cash at the bank as an asset and as a liability?

ASSET

Is the cash dividend paid asset or liability?

is an asset

Is cash an asset liability or owners equity?

asset

Related Questions

Is petty cash a asset or liability?

Petty cash is current asset and shown under cash in hand section of balance sheet in asset side.

Is Cash an asset or liability?

Asset.

ARE Cash discounts AN asset or liability?

Cash discounts are a liability.

Cash at the bank as an asset and as a liability?

ASSET

Is the cash dividend paid asset or liability?

is an asset

Is cash an asset liability or owners equity?

asset

Is cash an asset liability or equity?

asset equity

Is cash at the bank an asset or liability?

Cash at the bank is an asset for you but a liability for the bank if it is held in a checking or regular savings account.

Is cash on hand an asset?

Cash on hand is an asset. It will be included as a current asset and is often called "petty cash"

What an example of a decrease in an asset and a decrease in a liability?

Paying A/P: Decrease in Cash (Asset), Decrease in A/P (Liability)

What will increase one asset and decrease another asset with no effect on liability or owner s equity?

Purchase an asset on cash will increase the purchased asset while reduce the cash amount and no impact on liability or equity section.

Is received cash from issuing stock an asset?

Yes, cash received is an asset while stock issued is liability. Cash is asset because this cash now be use for the business benefit.

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