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Is a positive balance in your cheque account a asset or liability to you and the bank?
For Bank: Liability For You: Asset
Is land considered an asset in financial accounting?
Yes, land is considered an asset in financial accounting.
What is the formula for current ratio?
current ratio = current asset divided by current liability
Is cash considered a real or financial asset?
Cash is considered a real asset because it holds tangible value and can be readily used for transactions.
What is the largest single asset in the federal reserve banks' consolidated balance sheet?
Securities.
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 capital considered an asset, liability, or equity on a company's balance sheet?
Capital is considered equity on a company's balance sheet.
In a corporate balance sheet is common stock considered an asset liability or equity?
Equity.
Is a positive balance in your cheque account a asset or liability to you and the bank?
For Bank: Liability For You: Asset
In a corporate balance sheet is loan stock considered an asset liability or equity?
Loan stock is considered a liability in a corporate balance sheet. This is because it represents borrowed funds that need to be repaid by the company to the lenders. It does not represent ownership or equity in the company.
Is withdrawal considered an asset?
It is a liability
Is checking your account an asset or a liabilities?
Checking your account can be considered an asset as it represents the funds you have available for use. However, it can also be seen as a liability if your account has a negative balance or if you owe money to the bank or other creditors.
Where do finance leases go on the balance sheet?
Finance lease is shown as an asset in asset side of balance sheet as well as shown as a liability under long term liability section of balance sheet.
Is dividends an asset on the balance sheet?
If dividend payable then liability if dividend receivable then it is asset if dividend paid then it is not part of balance sheet.
Is an IRA an asset?
AnswerYES, if it has a positive balance; no, if negative (then it's a liability).
Credit balance in capital account means laibility or an asset?
liability
