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Is rent income a asset liability or owners equity?
asset liability
Is cash an asset liability or owners equity?
asset
Is wage expense asset liability or owner's equity?
neither
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.
What is the detailed record of the changes in a particular asset or liability or owners equity called?
account
Is rent income a asset liability or owners equity?
asset liability
Is cash an asset liability or owners equity?
asset
Is wage expense asset liability or owner's equity?
neither
Bad debts is a liability or an asset?
A bad debt is a expense which affects the owners equity as it is charged against the profit and loss account and it decreases the profit of the business.
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 depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Is cash an asset liability or equity?
asset equity
What is the detailed record of the changes in a particular asset or liability or owners equity called?
account
Is Investor Equity an asset or liability?
Investors are those persons who invests money in business so they are the owners of business as well and that amount is the liability of business to pay back to it's owners that's why it is the liability and not the asset.
Sales is an asset or liability?
there are Five basic account heads in accounting, which are given below:AssetsLiabilitiesCapital (Owners Equity)ExpenseRevenueand sales belongs to Revenue.If looking at the Accounting equation: Assets = Liabilities + Owners Equity.Capital, Expense and Revenue are all sub categories of Owners Equity. If sales is revenue then it would fall under Owners Equity.
Are retained earnings an asset equity or liability?
asset equity
Is retained earnings asset equity liability income or expense?
Retained earnings is that part of profit which is not distributed to the share holders so it is the liability of the business towards its owners and that's why like all liabilities it is also the liability of business and shown in balance sheet.
