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Is your house an asset or liability? And why?

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Question added by Deleted user
Date Posted: 2016/12/08
krishnamoorthy Achutham
by krishnamoorthy Achutham , DY Manager (Accounts) from April , DCW LIMITED,

It is an asset because we acquire a house not for rent but for a price.It is a fixed asset for us which will have normally an appreciable value than we built or purchased in future.So it is an asset 

Biljana Dragic
by Biljana Dragic , Bookkeeper , Bobar bank

it is an asset, as a own property.

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