answersLogoWhite

0

Subjects>Business>Accounting

Is furniture an asset or liability?

User Avatar

Anonymous

∙ 10y ago
Updated: 10/16/2024

What else can I help you with?

Continue Learning about Accounting

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.


Is a premises an asset or liability?

asset

Related Questions

Is furnature a liability?

No. Furniture is an asset.


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


What is furniture it is asset liabilities or capital?

Furniture can be considered as a capital asset for businesses or individuals. It is a tangible asset that is used for productive purposes, such as providing seating or storage. However, if furniture is purchased through borrowed funds, it may also create a liability in the form of debt that needs to be repaid.


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

Trending Questions
Does the account holder have to be present when writing a personal check to a person and cashing it? Why do many people believe that profits on sales of finished goods are much higher than they actually are? What is accusatory? What of these is the same as an inheritance tax? How do you FIND out if you owe past federal taxes? What is required to file your tax return? Where should promotional products given to customers be classified in the balance sheet? Where do I send Ohio state copy of 1099-misc? Can you mail your taxes in by April 15 without penalty? Where to send 941 taxes? How Automated check processing? Why is customer account debited when cash is taken out? What tax forms must be considered when filing a consolidated C corporation tax return when assets are less than 10 million dollars? Is cc bill safe? What are d ring binders used for in an office? Example of an income? What is the difference between invoice and commercial invoice? WHO ARE THE USERS OF BUSINESS RECORDS? What branch of Barclay uses sort code 200459? What is meaning of payroll system?

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 ©2025 Answers.com. 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.