Ask Experts Questions for FREE Help !
Ask
    Amy30's Avatar
    Amy30 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 31, 2008, 07:49 PM
    Accounting - Rental Furniture in Journalizing
    Is rental furniture considered an asset and where do I place it in the ledger?
    N0help4u's Avatar
    N0help4u Posts: 19,823, Reputation: 2035
    Uber Member
    		  
    #2

    Jul 31, 2008, 08:02 PM
    It definitely is not an asset.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Can a car rental company deny local residence of rental? [ 10 Answers ]

Yesterday we just landed in LAX after a vacation trip. I've booked online for a car with Deluxe Car Rental. When we showed up at their counter, they said they can not rent me a car since I have a local(southern California) address. Their new policy recently changed was for out of state residence...

Journalizing bonds [ 2 Answers ]

How do you journalize an entry for bonds issued?

Journalizing transactions [ 12 Answers ]

How will I journalize this transactions Paid lancaster advertising agency $645.22 for preparing advertisements in local newspapers

Journalizing for Office Equipment Rental [ 1 Answers ]

How do you journalize "rented office equipment to _____ for ______"

View more questions Search