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What else can I help you with?
Is Loans to staff an asset or liability in a business?
most likely a liability- anything you're risking losing is a liability. an assett is something you gain from.
Is depreciation expense an asset or liability?
Depreciation expense is neither an asset or liability. It is an expense.
Is a loan an asset or liability to a business?
Liability
How do you define asset and liability?
An asset makes a profit, either on a periodic basis, or when you sell the asset. A liability is an expence on a periodic basis, or a loss is made when disposed off.ORAn asset is something which we own and liability is something which we owe.
Is an owners life insurance an asset or a liability?
Asset.
Is Loans to staff an asset or liability in a business?
most likely a liability- anything you're risking losing is a liability. an assett is something you gain from.
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
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.
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Is asset or liability?
asset
Is rent income a asset liability or owners equity?
asset liability
Why fixed deposits and public deposits are unsecured loans and in balance sheet?
fix deposits are not collateralised. that's why they are called unsecured loans every asset and liability comes in B/s
Is debtor an asset or liability?
It is an asset
Is Cash an asset or liability?
Asset.
Is a premises an asset or liability?
asset
Is premises a asset or liability?
asset
Is equipment an asset or liability?
Asset
