Maybe it's an asset in some companies because you can sell the debt to
another firm and MAKE money on it. Like mortgages. :-)

"Don White" wrote in message
...
Say what?
Who taught the course...Army personnel? No wonder you flunked.
Up here that would be considered a payable (liability).

John H wrote in message
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Accounting?

Hee, hee! Yup. I took only one course. That was enough. I could never
figure out how if you owed someone money that was an asset. I thought
the whole course was backwards.

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!