what are fictious assets? give some examples?

Answer Posted / abhiram

It means Which don’t have physical appearance and its shown
assets side of the Balnce sheet Ex : Discount on Issue of
shares/ Debentures, Preliminary Expenditure and debit side
balance of the profit & loss A/c.

Is This Answer Correct ?    4 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Which Invoice issued on Central Sale Commercial or Retail?

1588


The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed

1736


What is Insider Trading ?

1710


Hi friends can you send me the Accounting Interview questions with a interview experienced questions please

1750


Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

1745






i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....

1443


what is purchase consideration?

1690


what is purchase tax in rajasthan.

1579


Expand---------OST

1735


Define `Realisation` Account? Explain the salient features?

2552


whts is the meaning of over cost and under cost, what is difference ?

11405


You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?

1835


I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.

1500


Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?

1645


Upto what age PF will be deducted for an employee? And what age he is eligible to gratuity?

1445