what is fictitious account?

Answer Posted / sumitra.raghavan

asset which are of intangible nature which do not have any economic value these asset are due to be written off example discount on issue of shares

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What knowledge should financial accountant have?

697


What is meant by public accounting?

632


in what circumstances it is mandatory to calculate the goodwill.

1287


What is reversing journal entries?

610


Capital reserve is - a) real account b) nominal account c) personal account d) none of them

477






in Tally what is cost cenre,cost categori and why we need to prepare them

1605


What's the accounting entry when an Invoice is created in AR?

1588


Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?

1850


credit card expenses entry kisme pass karenge

899


What is Prepaid Entry

1269


Do you know any other accounting application?

622


using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1453


Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.

1455


Role-specific management accountant job interview questions:

609


What do you mean by Bill of Exchnage.How to manage ? Explain

1506