answersLogoWhite

0

Subjects>Business>Accounting

Is drawing a asset or liability?

User Avatar

Anonymous

∙ 9y ago
Updated: 9/25/2023

Drawings are classified as an liability to the business

User Avatar

Reese Lebsack ∙

Lvl 10
∙ 3y ago
Copy

What else can I help you with?

Continue Learning about Accounting

Is drawing an asset or a liability?

Drawings are classified as an liability to the business


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 drawing an asset or a liability?

Drawings are classified as an liability to the business


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 debtor an asset or liability?

It is an asset


Is Cash an asset or liability?

Asset.


Is a premises an asset or liability?

asset


Is premises a asset or liability?

asset


Is equipment an asset or liability?

Asset


Is equipment liability or asset?

Asset


Is land an asset or liability?

Asset

Trending Questions
What are the three categories that are used to determine the rate of bah individual pay? If I received a car as a tax-free gift is the profit from a future sale taxable as income? How many should you claim on your income taxes? When are 2008 tax rebate checks being mailed? Is a cash advance to a company executive payable on demnad considered cash? An example of equity is? What is the accounting treatment of saving deposit in closed bank? Where do you go to sign in for sobeys pay stub? What is an unidentifiable asset? How can I calculate good will of a company? What is the easiest way to compare card blood banks? Is a copyright an Intangible asset? How do I claim my back tax returns? What is the formula for Standard allowed minute calculation in apparel industry? Why debit is abbreviated as Dr? Do you pay Taxes on disability MA? What is the formula of real account? Is my Transamerica account insured? The normal balance of common stock is credit is true? What does current balance mean?

Resources

Leaderboard All Tags Unanswered

Top Categories

Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics

Product

Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ

Company

About Us Contact Us Terms of Service Privacy Policy Disclaimer Cookie Policy IP Issues
Answers Logo
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.