answersLogoWhite

0

Subjects>Business>Accounting

Is drawing an asset or a liability?

User Avatar

Anonymous

∙ 17y ago
Updated: 9/16/2023

Drawings are classified as an liability to the business

User Avatar

Wiki User

∙ 17y ago
Copy
User Avatar

What else can I help you with?

Continue Learning about Accounting

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 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

Trending Questions
Are Fixture and fittings an expenses or liability? Is there tax on tax inheritance? Is land inherited and then sold subject to tax? I had a payment plan in place to pay my back taxes owed to the IRS (approx 1500) they took my Stimulus Ck and I think my balance might be around 1200 - 1500. How do I find out what I owe them today. and how do i re-enter a new agreement with them? What sort of tax is income tax? How do you verify if a company exists? Do you need an account to do a wire transfer? Should you sign or print name on credit dispute letters? How are recorder points and lead time related in Inventory analysis? What is the benefit of working in China? If you are claiming 0 dependents does this mean you will be getting a larger amount of income tax? Can state sales tax be deducted from your taxes? Since the depreciation is based on estimates not facts why bother to make calculation? How does one start with being self employed? Does a bankruptcy trustee see the transactions of a bank account? Which best describes the 12 month period used by a government or business for purposes of financial management? How do you decrease an asset and decrease owners equity? Is there sales tax on clothing in the state of Wisconsin? What is the checkbook balance if you have outstandings? How do you calculate non performing asset?

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.