Tags Business Accounting and Bookkeeping Accounts Receivable Financial Statements

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

Is debtor an asset or liability?

Anonymous

∙ 14y ago

Updated: 9/17/2023

It is an asset

Wiki User

∙ 14y ago

Still curious? Ask our experts.

Chat with our AI personalities

Devin

I've poured enough drinks to know that people don't always want advice—they just want to talk.

Chat with Devin

Professor

I will give you the most educated answer.

Chat with Professor

Maxine

I respect you enough to keep it real.

Chat with Maxine

Add your answer:

Earn +20 pts

Q: Is debtor an asset or liability?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

Is debtor asset or liability?

asset

Is a trade debtors asset or liability?

yes It is an Asset, not a Liability.

Is rent income a asset liability or owners equity?

asset liability

Are debtor an asset?

No, debtors are not assets; they are liabilities. Debtor refers to someone who owes money to another party. In accounting, debtors are recorded as accounts receivable, which is an asset. However, from the perspective of the debtor themselves, the amount they owe represents a liability, not an asset. Assets are resources owned by a person or company that have economic value and can be used to generate future benefits. Liabilities, on the other hand, represent obligations or debts owed by a person or company to others.

Is Cash an asset or liability?

Asset.

Trending Questions

How do you calculate direct labor cost? What is the average cost margin of auto part business? Can you pay taxes 1 2 5 10 20 50 years in advance? How can EOQ be used to control inventory? What number to call IRS for refund? How do you report someone for working cash in hand and not declared? Does a bank teller provide goods or services when they cash your check? Reversing entries are most commonly used in relation to year-end adjusting entries that? How can you cancel a green dot debit card? What circumstances would it be advisable to borrow money to take a cash discount? What is a service charge on a bank statement? What will a decrease a revenue and a increase liability? What is the average salary for accountant CPA? Do you have to pay taxes when you receive money for damages do to a tornado on your business? How do you close a usaa account? Are computers tax exempt under the Virginia tax holiday? How accounts payable filing system should be set up? What happens when you put the wrong birth date when you did your taxes and you turn it in? Why should you pay the tax? What is the conventional bank?

Related Questions

Is debtor asset or liability?

asset

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

What type of asset is debtor?

current asset.

Is a trade debtors asset or liability?

yes It is an Asset, not a Liability.

Is asset or liability?

asset

Are debtor an asset?

No, debtors are not assets; they are liabilities. Debtor refers to someone who owes money to another party. In accounting, debtors are recorded as accounts receivable, which is an asset. However, from the perspective of the debtor themselves, the amount they owe represents a liability, not an asset. Assets are resources owned by a person or company that have economic value and can be used to generate future benefits. Liabilities, on the other hand, represent obligations or debts owed by a person or company to others.

Is rent income a asset liability or owners equity?

asset liability

Are owners equity and debtor fall under asset?

Owner equity is liability for business falls under liability or equity side while debters are current assets of business and fall under current assets.

Is equipment an asset or liability?

Asset

Is premises a asset or liability?

asset

Is equipment liability or asset?

Asset

Is Cash an asset or liability?

Asset.

Still have questions?

imp

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.