Question

Is sale of old newspaper asset or liability

Answer 1

Liability
as they are not fixed asset. ...

mark as a brainlist. ....

Answer 2

$\huge\mathbb\purple {AnSwEr}$

sale of old newspaper is neither a asset or liability to firm.It is a revenue. Sale of newspaper is recorded in income and expenditure a/c or trading and profit / loss account.

So,it is neither a asset or liability to firm.