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Subjects>Business>Accounting

Is cash at the bank an asset or liability?

Updated: 4/28/2022

Wiki User

∙ 12y ago

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Cash at the bank is an asset for you but a liability for the bank if it is held in a checking or regular savings account.

Wiki User

∙ 12y ago

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Continue Learning about Accounting

Cash at the bank as an asset and as a liability?

ASSET

Is cash a liability or asset?

Cash is an asset like money in the bank (this is something that you OWN). Bank loans and overdrafts (things that you OWE) are liabilities. The easiest way they teach it in accounting is: whatever you own (like money in the bank/cash/company vehicles) is an asset. But whatever you owe (like bank loan - that will need repayment/VAT owing to HMRC) is a liability.

Is Cash an asset or liability?

Asset.

Is cash in hand an asset or liability?

im going with asset due to the fact that alot of prices are reduced when you pay with cash... its not bad to have money in the bank though

Is the cash dividend paid asset or liability?

is an asset

Related questions

Cash at the bank as an asset and as a liability?

ASSET

Is loaned cash an asset?

Yes, it is a current asset as part of the cash at bank. It also creates a liability for the amount of the loan.

Is cash a liability or asset?

Cash is an asset like money in the bank (this is something that you OWN). Bank loans and overdrafts (things that you OWE) are liabilities. The easiest way they teach it in accounting is: whatever you own (like money in the bank/cash/company vehicles) is an asset. But whatever you owe (like bank loan - that will need repayment/VAT owing to HMRC) is a liability.

Is Cash an asset or liability?

Asset.

ARE Cash discounts AN asset or liability?

Cash discounts are a liability.

Is cash in hand an asset or liability?

im going with asset due to the fact that alot of prices are reduced when you pay with cash... its not bad to have money in the bank though

Is a positive balance in your cheque account a asset or liability to you and the bank?

For Bank: Liability For You: Asset

Is the cash dividend paid asset or liability?

is an asset

Is cash an asset liability or owners equity?

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Is cash an asset liability or equity?

asset equity

If payment on a current liability?

Payment On Current Liability Debit The Current Liability (say Sundry Creditor) (Liability Decreases) Credit Cash Or Bank (Current Asset Decreases)

Is petty cash a asset or liability?

Petty cash is current asset and shown under cash in hand section of balance sheet in asset side.

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