is a car an asset or liability
I was referring to accrued revenue or unbilled revenue when the company performs before the customer pays. There is one major advantage LLCs have in some jurisdictions.
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A car insurance policy helps provide financial protection for you and possibly others if youre involved in an accident.
. Vehicle insurance also known as car insurance motor insurance or auto insurance is insurance for cars trucks motorcycles and other road vehiclesIts primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. All it takes is 15 minutes to get a personalized car insurance quote with the best rates discounts and options available to you. With the combined strength experience and expertise of NIC and CBA NCBA takes asset finance to the next level.
I think its Contract Liability and not Contract Asset if a customer pays in advance. Please refer to original question asked by GOO SOON KEE. Limited liability companies also provide asset protection against business lawsuits for their owners but with fewer restrictions on ownership than S corporations.
July 8 2019 at 209 pm But I was not referring to the deferred revenue when the customer pays in advance. Vehicle insurance may additionally. The fact that someone is legally responsible for something.
Limited Liability Companies. They also allow their owners to choose whether to file federal taxes as a corporation or as a partnership.
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