Answer Posted / malak sagheer

Asset created by an accounting entry (and included under assets in the balance sheet) that has no tangible existence or realizable value but represents actual cash expenditure. The purpose of creating a fictitious asset is to account for expenses (such as those incurred in starting a business) that cannot be placed under any normal account heading. Fictitious assets are written off as soon as possible against the firm's earnings

What is combination?

2084

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what is the difference between planned and non planned budgt

1943

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what is Derivative Documentation,Derivative Settlements,Derivative confirmation?

2297

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why may types of accounts

2180

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Difference between cash and merchantile system?

2225

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while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

2027

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is indian bank or canara bank CBS brach?

2056

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income from depreciated asset is profit or loss?

1420

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What Settlement details are required on the delivery instruction slip?

4797

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What do you mean by Green-shoe option?

2043

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why do you want to work here?

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discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?

1839

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i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?

2134

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A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .

1855

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Is WCT paid to be considered as overhead during costing in construction firm?

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