0
creditor is a liabiliity
What else can I help you with?
Continue Learning about Accounting
Related Questions
Is Creditors an asset or liability?
Current Liability
Why creditors are laibility?
Any money you owe to someone else is a liability to you and an asset for them. You have to pay (liability) and they get to receive (asset).
Transaction that will decrese an asset anf decrease a liability?
Payment to the creditors Creditors Decrease Bank balance decrease
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 checking your account an asset or a liabilities?
Checking your account can be considered an asset as it represents the funds you have available for use. However, it can also be seen as a liability if your account has a negative balance or if you owe money to the bank or other creditors.
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Is asset or liability?
asset
What is creditors for good assets or liability?
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
Trending Questions
What is the sales tax rate for New York?
Government agreed to pay a company whatever it cost to make a product plus a guaranteed percentage of the costs as profit?
Who is the registered agent for service of process for citibank?
What are the advantages and disadvantages of commitment accounting?
Who controls fiscal policy?
What are Principles of an efficient and effective accounting information system?
What does money measurement mean in accounting terms?
What is the depreciation of capital equipment?
How do you write a letter for arrears?
How does claiming health care deduction decrease your tax liability?
Can you refile your taxes for past years?
How much time need to pass for an ar account is delinquent?
How do you write a letter to hold cheque?
What is mean by CPAI?
Can you distinguish between the two categories of adjusting entries and identifying the types of adjustments applicable in each category?
Journal entry for purchases?
Find State Tax ID for Corporation?
What are the objectives of tax?
How do you calculate a profit margin ratio?
When company shifts to abc costing and manufacturing overhead is based on direct labor hours do unit product costs of high volume products decrease and low volume products increase?
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.