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Is drawing an asset or a liability?

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Anonymous

∙ 15y ago
Updated: 9/16/2023

Drawings are classified as an liability to the business

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∙ 15y ago
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Is drawing a asset or 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


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Related Questions

Is drawing a asset or 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?

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