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What else can I help you with?
Are creditors considered as current liability?
Yes, it is a current liability.
Is paying rent considered a liability?
If rent is payable then it is liability for business but if rent is already paid then it is not liability but it is expense.
Is withdrawal considered an asset?
It is a liability
What is accounts payable considered on trial balance?
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
What is accounts payable considered on the trial balance sheet?
liability
Are creditors considered as current liability?
Yes, it is a current liability.
Is the loan you take to buy the business considered a liability and equity?
The loan is considered a liability - The value of the company is the equity.
Is tax paid on purchases an asset or liability?
Tax paid on purchases are considered a liability. Anything paid to another is considered a liability for businesses because they are spending money.
Is paying rent considered a liability?
If rent is payable then it is liability for business but if rent is already paid then it is not liability but it is expense.
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 withdrawal considered an asset?
It is a liability
Does liability insurance get you money for a car if your car is totaled?
The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.
Is rent considered a liability?
Yes, rent is considered a liability because it represents an obligation to pay for the use of a property or space over a specific period of time.
What is accounts payable considered on trial balance?
Accounts payable is a liability. All payable accounts are considered a liability because it is something you owe another person/company.
In accounting are wages considered liability or equity?
It is an asset.
Is a bank loan considered an asset or a liability on a company's balance sheet?
A bank loan is considered a liability on a company's balance sheet because it represents money that the company owes to the bank.
What is accounts payable considered on the trial balance sheet?
liability
