answersLogoWhite

0

Subjects>Business>Accounting

What are the asset and liability with help of examples?

User Avatar

Anonymous

∙ 11y ago
Updated: 9/18/2023

Assets are those items which business uses to earn revenue like propery, plant, equipment, inventory, cash etc.

Liaibities are those items which is payable by company to third parties or owner of business like owners capital , accounts payable, bonds payable etc.

User Avatar

Wiki User

∙ 11y ago
Copy

What else can I help you with?

Continue Learning about Accounting

Is a trade debtors asset or liability?

yes It is an Asset, not a Liability.


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

Related Questions

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 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


Is equipment liability or asset?

Asset


Is land an asset or liability?

Asset


Is debtor asset or liability?

asset

Trending Questions
Do you claim vpdi insurance on your tax return? Where in MARYLAND does the employer mail copy 1 of 1099? Limitation of accounting rate of return? How do you calculate average working capital? What does a 1099a mean? Can I refuse to accept a summons on a bad debt? How do you figure out how much you will get back on your tax return? What is the journal entry when the owner withdraws money from the business account for personal use? What does plal mean on bank statements? Which of the following schools is least likely to receive state tax dollars? What statement best defines accounting and those parties who exploit it? What banks offer checks for free? What are some reliable typing jobs you can do at home? What meaning of guest ledger in trial balance? What is the difference of supplies and materials? What does the term 'file' mean in a database? Where does prepaid expenses go on the balance sheet? Are losses on the excess of premiums paid over the amount of the total cash value amount of a whole life insurance policy deductible for income tax purposes? What is the difference between CMA and ACCA? How do you write a pay check of 220.00?

Resources

Leaderboard All Tags Unanswered

Top Categories

Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics

Product

Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ

Company

About Us Contact Us Terms of Service Privacy Policy Disclaimer Cookie Policy IP Issues
Answers Logo
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.