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Is drawing a asset or liability?

Anonymous

∙ 10y ago

Updated: 9/25/2023

Drawings are classified as an liability to the business

Reese Lebsack ∙

Lvl 10

∙ 4y 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 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 debtor an asset or liability?

It is an asset

Is Cash an asset or liability?

Asset.

Is a premises an asset or liability?

asset

Is premises a asset or liability?

asset

Is equipment an asset or liability?

Asset

Is equipment liability or asset?

Asset

Is land an asset or liability?

Asset

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