Answer Posted / just venkey.....
fictitious asset
Definition
Asset created by an accounting entry (and included under
assets in the balance sheet) that has no tangible existence
or realizable value but represents actual cash expenditure.
The purpose of creating a fictitious asset is to account
for expenses (such as those incurred in starting a
business) that cannot be placed under any normal account
heading. Fictitious assets are written off as soon as
possible against the firm's earnings.
| Is This Answer Correct ? | 29 Yes | 10 No |
Post New Answer View All Answers
is indian bank or canara bank CBS brach?
what is the difference between f.f.s and c.f.s?
Which entry we pass self entry like cash withdraw for ourself
4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
what is ledger account
what did you mean by cash credit limit account ?
what is the meaning of input vat & out put vat?
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
distinguish between price rate and time rate?
euro currency market
example of aptitude ns
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
Why does one need a broker?
How Many Types of Excise Duties?
