0

Subjects>Business>Accounting

Is drawing a asset or liability?

Anonymous

∙ 10y ago

Updated: 9/25/2023

Drawings are classified as an liability to the business

Reese Lebsack ∙

Lvl 10

∙ 4y ago

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

What if you don't file income taxes? What is a GAAP standard for number of copy(ies) of a check be attached to all documents for filing? What is perpetual inventory? Abbreviation for 1000000? Disadvantages of manual accounting? Is the most FASB the most significant current source of generally accepted accounting principles? Do supplies go on income statement? Is accrued expenses a debit or credit balance? How do you address an envelope to a Accountant? Does Colorado charge sales tax on carpet cleaning? How do you calculate the cost and net realizable value? How long does a cheque take to clear in lloyds tsb bank? What is the role of night audit? What are the examples of accounting data? Does H.E.B cash personal checks? How do you treat a temporary receipt of payment? What is forensic accounting? Does a decrease in accounts payable decrease cash flow? How do you find your verzon account number? If you receive a 1099-c in 2010 are you required to report it on your 2009 tax forms?

Resources

Top Categories

Product

Company

Copyright ©2026 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.