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Profit is a Liability or asset?

Answer Posted / giri

By definition, Liability is something which
someone/somebody has some obligation to pay to someone.
From companies point of view, the profit earned by company
must be distributed among the shareholders at the time of
liquidation. So, It is certainly liability.

It cannot be treated as an asset because asset is something
which can give future cashflow or reduce the cashflow in
future and profit cannot do both of those.

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