0
What else can I help you with?
Continue Learning about Accounting
Related Questions
How do you define asset and liability?
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.
Is Proceed of sale An asset or liability?
no, it can be capital gain or loss
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
Where is Profit and Loss post in balance sheet?
In case of profit Liability side. In case of loss Asset side.
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
Trending Questions
Is it too late to file 2008 tax returns?
How to write a check for 320.00 dollars?
What is tlbillingcom?
Why do we Exclude Unrealized gains. Such as the increased value in your home before it sold?
What are after tax contributions?
Is moving equipment a capital expenditure?
What is a term for net or final income?
When wasThe Earthgrains Company acquired by Sara Lee?
What is amount of deposit?
Issued capital vs subscribed capital?
What information does a PMP require to generate claims and statements?
Do you have to pay Louisiana state taxes?
How much does Exxon Mobil usually pay in taxes?
What is career journal?
What does vat stand for?
How can companies secure stakeholder input during an ethics audit?
Does the irs accept american express or other credit cards?
What are the responsibilities of a wire transfer agent do?
What represents accountability?
What is an impaired account?
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.