Neither. A Net Loss is a reduction of Equity.
An asset makes a profit, either on a periodic basis, or when you sell the asset. A liability is an expence on a periodic basis, or a loss is made when disposed off.ORAn asset is something which we own and liability is something which we owe.
no, it can be capital gain or loss
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
In case of profit Liability side. In case of loss Asset side.
yes It is an Asset, not a Liability.
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