Is Profit a Liability or asset?

Profit is asset..but we wil show it in liability side as it
is belongs to share holders so company has to give it to
shareholders...so we r showing under liability side.

profit with respect to company it is a liability as it has
to pay it to shareholders.

Profit with respect to shareholders it is a asset.

it is a liability from the company point of view as it owe it to its shareholders, that is the reason it is added to the reserves under the liabilities side.

PROFIT IS APPROPRIATION. i.e.IT IS NEITHER ASSET NOR LIBLITY.