equity
In accounting, drawings are recorded as debits to the owner's capital account. This is because drawings reduce the overall equity of the owner in the business. When a drawing is made, it is debited to the drawings account, which is a contra equity account, and credited to the cash or asset account from which the drawing is taken. Therefore, if you see a debit entry in the drawings account, it indicates that funds have been withdrawn from the business.
asset
asset
well at walmart,they usually make about $10.50 an hour and get paid every two weeks. and it depends if you are fulltime or parttime.you do the math!
probably not viable as a barn or a conversion due to condition or location reducing demand making it a cost rather than an asset
Stockholder equity is a liability account as it is refundable by business at time of liquidation.
asset equity
asset equity
account
asset liability
asset
Sales is not an asset, liability or equity account rather it is a revenue account and part of income statement rather balance sheet.
Drawings are classified as an liability to the business
Drawings are classified as an liability to the business
Salaries payable is liability as it is payable in future time and all liabilities shown in balance sheet at liability side.
sales revenue is owner's equity
In accounting, interest and other expenses are neither; they are a contra-equity account. This means that as expenses increase, the owners have less equity. Expenses should normally be treated as a debit account, so as you record interest expenses, you should be crediting either an asset or a liability at the same time.