Life membership can be considered an asset if it provides ongoing benefits or value, such as access to services or resources that can enhance one's quality of life. However, it could also be viewed as a liability if it entails ongoing costs or obligations without clear benefits. Ultimately, its classification depends on the specific circumstances and the value it brings to the individual or organization holding the membership.
Asset.
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
yes It is an Asset, not a Liability.
asset
asset liability
It is an asset
Asset.
asset
asset
Asset
Asset
Asset