0
Drawings are classified as an liability to the business
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 debtor an asset or liability?
It is an asset
Is Cash 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 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.
Is debtor asset or liability?
asset
Is equipment liability or asset?
Asset
Trending Questions
How can someone improve their sales performance?
How much money did the IRS return to taxpayers last year?
How do you write 500.00 on a check?
What if you pay your self assessment tax late?
Is Liability lifted if official repays Government Pecuniary Liability of Key Personnel?
Who is responsible for estimate against story cards during iteration planing?
What accounts of a governmental unit is credited to close it at the end of the fiscal year?
What is the purpose of exit poll?
What is loss in business?
What does gaap require to be reconciled within its notes or by completing a statement of changes in owners equity?
What is an adjustment note?
What does cheque contain generally?
When acceptor becomes insolvent then which account drawer debits?
What is the definition of universal bank?
What does FED-SO mean on a pay stub?
What are fished accounts?
Which account is not classified as a selling expense Freight-Out or Sales Salaries or Advertising Expense or Sales Discounts?
Carlos Martin received a statement from his bank showing a balance of 56.75 as of March 15th His checkbook sHow is a balance of 87.37 as of March 20 The bank returned all the cancelled checks but two?
How do you close a bank account in India?
What does the payment term 30 days mf mean?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. 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.