Economy, asked by scientistt, 1 year ago

home is asset or liability

Answers

Answered by areena2

asset....... ..
thanks

Anonymous: u r in which class

scientistt: class 9

Anonymous: i will tell u tomorrow

areena2: nope

areena2: in class 10

scientistt: tommorow is my pre board paper

Anonymous: so report my answer moderator will see it

scientistt: ok and thanks

Anonymous: hmm

Anonymous: wlcm

Answered by sunakat483

Answer:

Given the financial definitions of asset and liability, a home still falls into the asset category. Therefore, it's always important to think of your home and your mortgage as two separate entities (an asset and a liability, respectively). Finally, your house is your home.

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