Accountancy, asked by ashishpal6816, 1 month ago

Is a house an asset?

Answers

Answered by Deepikathangam

Answer:

A house is an asset (categorized as real estate). The mortgage on your house is a liability. That said, real estate has a "cost to carry" meaning that you have to incur expenses to maintain your investment.

Explanation:

hey buddy this is your answer

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