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Is drawing a asset or liability?

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Anonymous

∙ 10y ago
Updated: 9/25/2023

Drawings are classified as an liability to the business

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Reese Lebsack ∙

Lvl 10
∙ 3y ago
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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?

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