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Is drawing an asset or a liability?

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Anonymous

∙ 16y ago
Updated: 9/16/2023

Drawings are classified as an liability to the business

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Wiki User

∙ 16y 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


Is equipment an asset or liability?

Asset


Is land an asset or liability?

Asset

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?

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

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