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What are the asset and liability with help of examples?

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.

Wiki User

∙ 11y ago

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Is a trade debtors asset or liability?

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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?

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Is rent income a asset liability or owners equity?

asset liability

Is equipment an asset or liability?

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Is land an asset or liability?

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Is debtor asset or liability?

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What are the asset and liability with help of examples?

What else can I help you with?

Is a trade debtors asset or liability?

Is rent income a asset liability or owners equity?

Is equipment an asset or liability?

Is land an asset or liability?

Is debtor an asset or liability?

What is net liability?

Is a trade debtors asset or liability?

Is asset or liability?

Is rent income a asset liability or owners equity?

Is equipment an asset or liability?

Is land an asset or liability?

Is debtor an asset or liability?

Is a premises an asset or liability?

Is Cash an asset or liability?

Is debtor asset or liability?

Is equipment liability or asset?

Is premises a asset or liability?

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