what are fictious assets? give some examples?
- 39 Answers
- 302359 Views
- Capital IQ, Genpact, I also Faced
- E-Mail Answers
Answer Posted / shiks
Fictitious assets are those which cant be debited in P&L a/c in the same year in which they are incurred.However they are recorded in asset side in B/S.These are intangible assets and are written off over a period of time.
Ex.-Share Issue Expense,MAnagement expense,Preliminary expense,Advertisement expense.
| Is This Answer Correct ? | 45 Yes | 27 No |
Post New Answer View All Answers
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
What is the working formula for Inventory turnover
What is Budgeted capital ?
When is a dedit note raised When is an expense booked
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
differnce between the 4.7 & 6.0 versions?
what is the meaning of call in arear
What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
how to do the recurring entries or steps to follow that
what is the meaning of input vat & out put vat?
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
What goals do you have in your career
distinquish between liquidity ratio and asset management ratio
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
