what is the difference between intangible assets and
fictious assets
Answer Posted / sattu mallaiah
Intangible assets: trhis assets dont have a physical
identity. this assets we dont touch and we cant see.
This assets arising from with business conections.
Ex:goodwill,patents,copyrights,Tradmarks.
Ficticious assets: this assets under the asset side in the
balance sheet which has no real value.
EX:preliminery Expenses,Debt balace P& L Accounts.
| Is This Answer Correct ? | 24 Yes | 8 No |
Post New Answer View All Answers
What is DECR And for wt it is used?
Comments Elements in accounting
WHAT ARE EQUITY SECURITIES?
What are the duties of sales tax department? Explain it
What Settlement details are required on the delivery instruction slip?
what is automatic payment in sap fico
How do the standards assist the users of financial report?
Expand---------PDCB
plz send me the accounting questions and answers of bank of america.
What are different types of reports made in tally
Expand-------NABT
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
What are Mortgage Payment Problems?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?