answersLogoWhite

0

Subjects>Business>Accounting

Is drawing a asset or liability?

User Avatar

Anonymous

∙ 11y ago
Updated: 9/25/2023

Drawings are classified as an liability to the business

User Avatar

Reese Lebsack ∙

Lvl 10
∙ 4y ago
Copy
User Avatar

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
Where do you put cash gifts given on a 1040 tax form? How long does it take to break even with new appliances? Where is the receipt of a notes receivable reported on the statement of cash flows? Can I access my last years tax records if I change software programs? What is the penalty for late filing of returns under tn vat act? What is the definition of compound journal entry? What is the average number of working days per month with holidays? Can a collection agency freeze your account if your only income is socialsecurity? What is a discretionary income? Can you write a check with non money in account? What is the capital gain tax rate? Is there any online service for managing accounts for small business? How should an unusual event not meeting the criteria for an extraordinary item be disclosed in the financial statements? Is a representation letter required under Generally accepted auditing standards? Where is the routing number on a business check? What type of taxes is allowable under the taxing power? What is a business profit-and-loss statement? Difference between a linear view and a transactional view? What is the Canadian equivalent to the w-9? What is the journal entry for purchase of household furniture in cash?

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 ©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.