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most likely a liability- anything you're risking losing is a liability. an assett is something you gain from.

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15y ago

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Is loans to staff an asset or liability?

it is an asset


Why do you calculate loans and advances on the asset side of the balance sheet?

Loans here means the loans given to other companies/subsidiaries. The company will receive an interest on these loans and hence is an asset. Advances means any payments to staff as an advance.


What is the accounting double entry for granting staff loans?

[Debit] Staff loans [Credit] Cash / bank


What is a greatest asset in an office?

The staff.


What kind of liability insurance is needed for a business that provides staff to sell tickets at outdoor festivals; the staff would all be subcontractors?

Contact a good agent in your area, they will be able to help you with this.


Do certain banks specialize in boat loans?

Yes! Some banks have discovered that boat owners are good candidates for loans. Upon this discovery, these banks dedicated specialized staff to handle their boat loan business.


Define medium scale business?

A medium-scale business/industry has an asset of P5 million or more. It is owned and operated by a single person, two business partners, or a corporation. It hires a specialized staff to run the business. Examples of this are garment factory and supermarket.


Medium scale industry?

It has an asset $5 million or more. it is owned and operated by single person, two business partners, or a corporation. It hires a specialized staff to run the business. Example of this are garment factor and supermarkets.


What is the correct grammar for this sentence All certified staff needs to complete a release of liability form?

All certified staff needs to complete a release of liability form.


How do banks use deposit?

to make loans Investments, loans, mortgages, and of course salaries for the staff.


Is staff training an asset or a liability?

Staff training is generally considered an asset, as it enhances employee skills, boosts productivity, and contributes to overall organizational success. Well-trained employees are more capable of adapting to changes and driving innovation, ultimately leading to improved performance and reduced turnover. While there are costs associated with training, the long-term benefits typically outweigh these expenses, making it a valuable investment for businesses.


What are the advantages and disadvantages of expanding the business to include the employment of additional staff?

Businesses generally don't expand for the purpose of employing more people. But you probably meant to ask what the benefits and drawbacks are of having a bigger staff as a result of a need from a growing business. Advantage: increased productivity. Disadvantages: increased costs and liability.