Interested to Buy Any Domain ? << Click Here >> for more details...
what are fictious assets? give some examples?
- 39 Answers
- 313387 Views
- Capital IQ, Genpact, I also Faced
- E-Mail Answers
Answer Posted / syed mahmood ali
Fictitious assets are created while complying the double entry concept. Any expenditure cannot be debited to profit & loss account in one year can be shown as an asset unroll it is completely written off.
In case of loss will be shown as fictitious asset untill it will be adjusted from future profits.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
how we will prepare n file income tax returns for individuals?explain
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.
what is Calculation of Depreciation for 4 to 5 Years?
plz send me the apptitude question papers of wipro
Difference between nonoperating expentiture and non cash expenditure
where we have file E-returns in SAP FICO-CIN/Wtax?
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in
Difference between cash and merchantile system?
what is joint venture?
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 .
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
