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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

∙ 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?

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 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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