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Which of the following items would not fall under the definition of an Asset? a)Land b)Machinery c)Cash d)Owner's equity

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Question added by Siraj vannathamkandy , Senior Accountant , Gulf Business Center
Date Posted: 2013/09/11
syed waseem Iqbal
by syed waseem Iqbal , Senior Accountant , Pacific Exim (pvt) ltd

Owner's Equity as it does not fall under the definition of Asset

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

d)owner's equity

Muhammad Jahanzaib
by Muhammad Jahanzaib , Administration Management & HR Professional , The Indus Health Network

Owner Equity

Muhammad Waqas
by Muhammad Waqas , Accountant , Rafiq & Sons

Owner's equity, because its the liability of the business to pay back to the owner of the business.

Gul Shujah CICP
by Gul Shujah CICP , Credit Controller , Johnson Controls

Owner Equity.

NILA REJESH ACA
by NILA REJESH ACA , Auditor , SAJEEV & AJITH CHARTERED ACCOUNTANTS

OWNERS EQUITY

Krishna Kumar
by Krishna Kumar , Accountant , Galfar Engineering and Contracting

Owner Equity or Othewise called "Capital", which is shown as a liability.

Abdul Rahim Vattiyapuri
by Abdul Rahim Vattiyapuri , Group Finance Manager , HWH Hospitality Investments

Option D) Owener's Equity

Abdul Sattar Abdul Rasheed
by Abdul Sattar Abdul Rasheed , Supervoisor , M/s. Samara Trading Company

CASH

MohamedNiyas MohamedHaniffa
by MohamedNiyas MohamedHaniffa , Senior Accountant , Almana & Partners

Owner Equity

Prince Ninan
by Prince Ninan , Audit Executive , Lewis & Pecker

Owners equity

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