answersLogoWhite

0

Subjects>Business>Accounting

Is drawing a asset or liability?

User Avatar

Anonymous

∙ 10y 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 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 is the percentage rate for fica in ca? Effects of accounting errors in financial accounting? Where can you get a Fujitsu G810 cash register user manual? When do you max out paying your withholding tax? What is the phone number to order an Equifax business credit report? Advantage of rolling budget? What type of tax generates the most revenue for the US government? What is the accounting objective which best relates to the LIFO method? How to give a credit on an invoice? What is the journal entry when a term deposit is created? How much can a married man earn before paying tax if his wife is not earning? How long does it take to get a Arkansas state refund if you mailed them? Where do you mail your IRS form 941 for Maryland with a payment? What are typical account titles used? Does our business have to mail w-2's or can we just make them available for pick up? If you are not working and your child gets disability do you have to file taxes? Why journal is called a book of original entry? What is incremental analysis? Is a executor of a will responsible for all the bills of a estate? What tax return forms are required for a small business?

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.