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Is demand deposits an asset or liability?
mkm,
Is fixed deposits is an asset or liabilities?
Liability
In accounting are wages considered liability or equity?
It is an asset.
is a security deposit as an asset or a liability?
Security deposits from customers side is a liability for business.
What is Basic Accounting formula?
asset = liability + owner's equity
Is a demand deposit an asset or a liability?
A demand deposit is considered an asset for the account holder because it represents money that they can access and use at any time. For the bank, however, demand deposits are classified as a liability since they represent funds that the bank owes to its customers. Thus, the classification depends on the perspective of the account holder versus the financial institution.
Are trust demand deposits a current asset?
Yes.
What does ARO mean in accounting?
ARO in regards to accounting means "Asset Retirement Obligation" liability and is referenced in SFAS 143.
In accounting What is the difference between unearned fees and fees earned?
One is a liability and the other an asset.
How does the purchase of equipment by signing a note affect the accounting equation?
asset increased, liability increased
Effect of transaction in accounting equation?
Every transactions has some impact on asset or liability or on both.
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
