what is fictitious asset

Answer Posted / suravi

Fictitious. Asset is a asset which is intangible such that which cannot be touched but it has a value ...for.e.g patents, trademarks, goodwill

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

2850


What is accrual accounting?

779


What is meant by balancing?

603


Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?

1496


Have you ever made mis reports and what are they?

620






a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?

946


what is mean by sample account and data transfer rule in SAP FI?

1531


Explain compound journal entry.

602


What is good accounts Process & Execution capabilities?

1601


my company taken a hdfc car loan rs.355493/= but bank received only 347345/= .after received the amount company purchase the car. after that regular emi paid to hdfc bank.

1584


how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter

1103


Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?

3319


Compare financial accounting and cost accounting.

668


Why in KE5Z report in SAP Accounting Data not found?

3563


Please let me know Under head of Sales Advance?

1521