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What else can I help you with?
Is withdrawal considered an asset?
It is a liability
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Inventory of merchandise is a current asset?
Yes, as inventories could be considered as current assets. But wil calcuating quick ratio or acid test ratio, inventories to be deducted from other current assets.
Is rent income a asset liability or owners equity?
asset liability
Is cash considered an asset liability or owners equity?
Cash is an asset. It could also be part of what makes up an owner's equity.
Is withdrawal considered an asset?
It is a liability
In accounting are wages considered liability or equity?
It 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 checking account considered an asset or liability?
A checking account is considered an asset because it represents money that you own and can access.
Is a checking account considered an asset or a liability?
A checking account is considered an asset because it represents money that you own and can access easily.
Is cash considered an asset, liability, or owner's equity on a company's balance sheet?
Cash is considered an asset on a company's balance sheet.
Is accounts payable considered an asset or a liability on a company's balance sheet?
Accounts payable is considered a liability on a company's balance sheet.
Is tax paid on purchases an asset or liability?
Tax paid on purchases are considered a liability. Anything paid to another is considered a liability for businesses because they are spending money.
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Is asset or liability?
asset
Inventory of merchandise is a current asset?
Yes, as inventories could be considered as current assets. But wil calcuating quick ratio or acid test ratio, inventories to be deducted from other current assets.
Is a house considered an asset or a liability?
A house is generally considered an asset because it has value and can potentially appreciate over time. However, it can also be a liability if it requires ongoing maintenance, mortgage payments, and other expenses that outweigh its value.
