Is a car an asset or a liability, and is a car an asset or a liability?

1. Fill in directly according to the balance of the general ledger account. The data of each item in the balance sheet** are mainly filled in directly based on the closing balance of the general ledger account; For example, the item of "notes receivable" is directly filled in according to the closing balance of the general ledger account of "notes receivable"; The "Short-term Borrowing" item is directly filled in according to the closing balance of the "Short-term Borrowing" general ledger account, etc.

2. Fill in the calculation according to the balance of the general ledger account. Some items in the balance sheet need to be calculated and filled in according to the closing balances of several G/L accounts, such as the "Monetary Funds" item, which is based on the sum of the closing balances of the "Cash", "Bank Deposits" and "Other Monetary Funds" accounts.

3. Fill in the calculation according to the balance of the detailed account. Some items in the balance sheet cannot be calculated and filled in according to the closing balance of the general ledger account or the closing balance of several general ledger accounts, but need to be calculated and filled in according to the closing balance of the relevant detailed account to which the relevant account belongs, such as the "accounts payable" item, which is calculated and filled in according to the closing credit balance of the relevant detailed account to which the "accounts payable" and "prepaid" accounts belong.

4. Fill in the column according to the analysis and calculation of the balance of the general ledger account and the detailed account. Some items on the balance sheet cannot be filled in directly or calculated according to the closing balance of the relevant general ledger account, nor can they be calculated and filled in according to the closing balance of the relevant detailed account to which the relevant account belongs, and need to be filled in according to the analysis and calculation of the balance of the general ledger account and the detailed account, such as the "long-term borrowing" item, which is based on the analysis and calculation of the part of the long-term borrowing that will mature within one year reflected in the balance of the general ledger account of "long-term borrowing" minus the detailed account to which the "long-term borrowing" account belongs.

5. Fill in the net amount according to the account balance minus the allowance items. For example, the "short-term investment" item is filled in by the net amount of the closing balance of the "short-term investment" account minus the balance of the allowance for the "short-term investment" account. Another example is the item of "intangible assets", which is filled in according to the net amount of the closing balance of the "intangible assets" account minus the closing balance of the "intangible assets impairment provision" account to reflect the recoverable amount of intangible assets at the end of the period.

Is the car an asset or a liability?

Some people think of cars as assets.

His reason was: "Teacher, I went to Tongjin Bank to apply for a loan, went to the insurance company to do asset registration, and my car was placed in my asset item." ”

That's right. When the asset statistics are made, the car is placed in your asset item, but is it really a real asset? Not really.

First, the car is depreciated every year. Suppose you buy a car for 100,000 yuan, and the next year it will definitely be less than 80,000 yuan.

Second, there are maintenance costs, maintenance fees, fuel costs, parking fees, insurance premiums and so on.

So it's very intuitive to see that the car is constantly taking money out of your pocket, so it's actually a liability – you're going to have to take more cash to support it, which is a very typical liability.

So why are many financial institutions willing to treat cars as assets when we deal with them? Because indeed it is a valuable thing. If you sell it, you can cash in for a certain value.

However, this is not the same as what we understand as assets within the scope of financial intelligence. It has some value in its own right, but it is constantly draining your cash flow.

Therefore, in the concept of financial quotient, it is classified as a liability.

In the general enterprise, assets and liabilities are almost inseparable, that is, the balance sheet: the left side is the assets, and the right side is the liabilities.

But in life, it may not be clear - which are the assets?

For example, buying a car is generally considered an asset. Is that actually the case?

Let's start with the concept: assets are the parts that can bring benefits to the future.

According to the above concept, Zheng Shou's car is not necessarily an asset.

If a family buys a car, if it is only used as a means of transportation, can it bring us benefits in the future?

Apparently not, and it will cost a lot more (gas, repairs, insurance, etc.). It also means that not only can you not bring benefits to yourself, but you also have to put a lot of hungry money into it.

However, if you buy a car, you often continue to "Didi taxi", which can continue to bring income, and at this time, the same car will become an asset.

Understanding a little economics will make us look at problems and have a different perspective!

0505 Morning Thoughts:

Do you think Shankuan's house and car are assets or liabilities?

First of all, I think that the house and the car are fixed assets in our family.

Secondly, whether the house and car are assets or liabilities depends on their use attributes, regional attributes, purchase funds and other factors.

If there is only one house on hand, then use it for self-residence, at this time, if the house is purchased with a mortgage, from the perspective of pure debt, it is a liability, and if it is placed in different areas according to the market valuation, the value given is not the same, such as teasing Liangguo simply said that it is an asset or a liability, it is really difficult to determine.

Finally: whether a car or a house is an asset or a liability depends on the value it generates in a limited time.

Because liabilities are determined according to the inflow and outflow of cash flow, the so-called assets can generate cash flow, and liabilities are to consume cash flow, and the house will incur various expenses in the process of use, such as water and electricity bills, maintenance costs, decoration costs, taxes and so on. The same goes for cars.

According to the definition of a liability, a liability has the following characteristics:

1. Liabilities are the current obligations of the enterprise;

2. The repayment of liabilities is expected to lead to the outflow of economic benefits from the enterprise;

3. Liabilities are formed by past transactions or events.

Yesterday I learned a little about assets and liabilities. Now let's analyze whether cars and real estate are assets or liabilities.

Look at the car first, if your friend gives you a Maserati and doesn't sell it or rent it out to make money, is the car an asset or a liability for you? First of all, the car needs to be insured every year, and secondly, it also needs to pay for gas, as well as parking fees, maintenance fees, and other expenses. All of this costs money, so it actually drains our cash flow every day for us, so in this case the car is a liability!

But this liability is not absolute, why?

If you have a car to improve efficiency because of your work, or if you need to install a façade for salespeople, the car can actually bring you indirect income, which can be regarded as an asset to a certain extent. If you can use this car, run a hitchhike or do some other business in your spare time, and you can earn an income that can cover your daily car expenses and have a balance, then this is an asset.

If you have a house and you get rent after renting it out, and the rent covers the mortgage and property management fees, and there is a balance, then the house brings you cash inflow, and it is an asset. On the contrary, if there is no rent or the rent cannot cover the mortgage and property management fees, and you have to put money into it every month, then you are in debt in this state.

Some people think that buying a lot of houses and leaving them empty is that they have a lot of assets. If you think about it from a cash flow perspective, these houses have to pay out all the time (property fees, etc.) until they are sold. Even if the house appreciates in value but does not realize it, it is still in debt.

It is an asset only after it is sold for cash and cash flow is obtained.

Just like owner-occupied housing, no matter how high the market price is, it is unlikely to be sold. On the contrary, you have to pay a certain amount of money every month, which is also considered a debt.

Buying a car with a loan is considered a liability, and buying a car with a loan, the lender is a mortgage to buy a car, and the ownership of the vehicle is in the bank, and the owner only has the right to use the vehicle but not the right to buy and sell the vehicle, so it is not an asset.

Liabilities refer to the business that a natural person or enterprise must perform during a certain period of time, and assets refer to all the rights that a natural person or enterprise has the right to use independently, the right to buy and sell, and so on.