Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Is your house an asset or liability? And why?

user-image
Question added by Deleted user
Date Posted: 2016/12/08
krishnamoorthy Achutham
by krishnamoorthy Achutham , DY Manager (Accounts) , M/S.DCW Limited,Sahupuram, Arumuganeri

It is an asset because we acquire a house not for rent but for a price.It is a fixed asset for us which will have normally an appreciable value than we built or purchased in future.So it is an asset 

Biljana Dragic
by Biljana Dragic , Bookkeeper , Bobar bank

it is an asset, as a own property.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.