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customers are the persons who buy the products from the company..if they purchase products in cash then they give profits and increase asset of the company in form of cash...and if they purchase on credit basis then also they give profits and increase the asset of the co in form of debtors..also some customers default in payment when they take credit then it is known as bad debts which decrease the assets of the company..!
What else can I help you with?
Is money owed by a customer an asset or a liability?
yes- (it is an asset)
Is owner capital an asset?
no owners capital is not an asset its an internal liability for the company
Retained earnings a asset or liability?
Retained earnings are non distributed profit part and hence a liability of the company to payback to the owners of company on case of dissolution that's why retained earning is liability and not the asset.
Prepayment from customers is it an asset or liability?
It is a liability and refundable to the customer if the merchant fails to deliver the good or service on time.
Is dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is money owed by a customer an asset or a liability?
yes- (it is an asset)
Is owner's capital asset?
no owners capital is not an asset its an internal liability for the company
Is owner capital an asset?
no owners capital is not an asset its an internal liability for the company
Retained earnings a asset or liability?
Retained earnings are non distributed profit part and hence a liability of the company to payback to the owners of company on case of dissolution that's why retained earning is liability and not the asset.
Prepayment from customers is it an asset or liability?
It is a liability and refundable to the customer if the merchant fails to deliver the good or service on time.
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 dividends Payable an asset?
Dividend payable is the amount which is payable by the company to share holders so it is a liability of company and not an asset.
Is cash considered an asset, liability, or owner's equity on a company's balance sheet?
Cash is considered an asset on a company's balance sheet.
Is accounts payable considered an asset or a liability on a company's balance sheet?
Accounts payable is considered a liability on a company's balance sheet.
Is accounts payables a part of an asset or a liability?
When company purchases supplies from vendors they are require to pay them at the same time but instead of paying them out immediately they got the time to pay in future so it is the liability of the company to pay them that;s why accounts payable is liability and not the asset.
is capital considered owners equity or an asset?
Capital is the amount contributed by company's owners toward company that's why it is a liability of company to payback on occasion of dissolution that;s why it is treated as owner's equity and comes under liability side of balance sheet and not as an asset of company.
What does an asset management company do?
An asset management company takes care of a customer's financial investments by investing in a variety of securities. They diversify a customer's portfolio according to their personal needs.
