what are fictious assets? give some examples?

Answer Posted / sagrika walia

a fictious asset is an asset which has no physical appearance . They are the intangible assets . Best way to remember this asset is to the remember the word ' Fictious ' which means not an asset at all .

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is discounting accounting and why depriciation of assets are mention in dicounting accounting?

1621


Short Answer on _______Appropriation

1433


What are events occuring after the balancesheet date?

1747


Do v call director in the partnership firm?

1734


why do you think you are sutable candidate for this post

1600






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.

1502


hello,dear any body give me mis report format. my email :kumar_ranjeet121@yahoo.in

1568


what did you mean by cash credit limit account ?

2291


legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?

2649


Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.

2622


What is Home Loan Modification?

1727


what are the types of provisions that you would make for the end of a financial year?explain

1492


What is communicating

1528


Hi, If I am placing the order in amazon on behalf of the customer who place the order in other e-commerce application in which If I mention the billing address of the customer and goods will be delivered to the customer from amazon ,and other E-commerce site will deduct their commission on the certain % and make the payment to me on some what profit at that time how should maintain my books of account..??

940


Explain significance of Nastro and Vastro in accounts?

3587