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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?

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It is an asset


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Asset.

Related Questions

Is drawing an asset or a liability?

Drawings are classified as an liability to the business


What is net liability?

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Is a trade debtors asset or liability?

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