Answer Posted / bhaskar

Fictitious assets-fictitious assets are deffered revenue
expenditure whose benefit is derived over long period of time.Even
accumalated losses are also fictitious assets as they are written
off over a period of time.All fictitious assets are intangible but
all intangible assets are not fictitious.ex
goodwill.patents,trademarks,copyrights are intangible but not
fictitious.following are the examples of fictitious assets are-
preliminary expenses,discount on issue on debenture and
shares,underwriting commission,miscellaneous expenditure,profit
and loss(dr).

proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario

1567

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Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry

2052

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Why we reconcile our debtors? what steps we taken during reconciliation.

2107

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1977

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2191

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how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

2079

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how history is helpful for banking?

2104

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an amount deducted from the catalog price for an item of merchandise is called?

15291

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can i have practical examples of AS-30

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2507

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What is corporate restructuring?

2578

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it is better to invest in which securities short term/long term or both? please reason4 the same

2067

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What is the procedure to take loan

2303

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How to answer for the question, tell me about ur project? I mean in which format can i say?

2115

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What is the definition of LOSS. Give the formula if any.

2187

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