One SHORT, QUICK put somebody through the mill =================?
What are SALES: assets, liability, or equity?
Answers:
Assets, liability and equity belong on the stability sheet, while sale belong on the income statement. At the wrap up of the year, the income statement shows a network revenue or expense, which essentially become an increase or moderate surrounded by assets or equity.
Sales are revenue and I guess dosh is a form of asset , and not a liability because that is a bill / debt / prerequisite .
Equity is the share of something that you own and could be change ( derived from sale ) .
Assets are things that you own and own merit.
Liabilities are things that costs you money
Equity is a efficacy you capture from owning something, resembling interest on a edge picture.
Now choose the one you ponder sale would fit into. Do sale bring in money or do they cost you money?
Sales is the amount of money you received from the merchandise the company is set up to put up for sale. It does not include public sale of assets.
Assets is the meaning of what you own. Cash, stocks, buildings, etc
Liabilities is the pro of what you owe. Loans from bank, money owed to suppliers etc.
Equity is the share you hold surrounded by a company or business.
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Answers:
Assets, liability and equity belong on the stability sheet, while sale belong on the income statement. At the wrap up of the year, the income statement shows a network revenue or expense, which essentially become an increase or moderate surrounded by assets or equity.
Sales are revenue and I guess dosh is a form of asset , and not a liability because that is a bill / debt / prerequisite .
Equity is the share of something that you own and could be change ( derived from sale ) .
Assets are things that you own and own merit.
Liabilities are things that costs you money
Equity is a efficacy you capture from owning something, resembling interest on a edge picture.
Now choose the one you ponder sale would fit into. Do sale bring in money or do they cost you money?
Sales is the amount of money you received from the merchandise the company is set up to put up for sale. It does not include public sale of assets.
Assets is the meaning of what you own. Cash, stocks, buildings, etc
Liabilities is the pro of what you owe. Loans from bank, money owed to suppliers etc.
Equity is the share you hold surrounded by a company or business.