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 equipment an asset or liability?
Asset
Is land 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
Is Form 1040A or Form 1040EZ easier?
Accounts used to post purchased merchandise with terms are 210 n30?
What are the characteristics of a purchase order?
Absorption costing and marginal costing format?
Can IRS debt take your inheritance?
What are the benefits and liabilities of credit?
How long does it take the IRS to have info online after it has been accepted?
How much taxes pay on 2600.00 dollars?
Why variable cost per unit are constant?
What costs is the most likely to be allocated to a product in a traditional job costing environment?
What is internal role of accounting for an organisation?
Why is it important to check your bank statements?
What is the mailing address for form 940 from Oregon?
What is the slales tax in Australia?
What is the gap between the cost and the price on a per product basis?
Does increase of inventory increase or decrease cash flow?
Jefferson Corporation purchased equipment on account. What journal entry should be made.?
What is the difference between target costing and cost-plus pricing?
What are adjusting entries and why they made?
At what account does purchase account comes?
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.