Interested to Buy Any Domain ? << Click Here >> for more details...
what is fictitious asset
- 3 Answers
- 7601 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rakesh kumar prasad
fictitious assets are those assets those do not have
physical form or existence and they can not be touch or
feel. These are not the real assets. These are the items of
such expenses and losses which have not been written off in
full.it only includes the assets having the nature of
deffered revenue expenditures viz, deffered advertisement
expenses, discount on issue of shares or debentures. These
are the assets out of which benefit or profit for more than
one accounting year is available.
examples,
preliminary expenses,
under writing commission,
discount on issue of shares or debentures etc
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / suravi
Fictitious. Asset is a asset which is intangible such that which cannot be touched but it has a value ...for.e.g patents, trademarks, goodwill
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / yogesh
fictious assets are those who are not visible like company
goodwill, patenet etc.
| Is This Answer Correct ? | 5 Yes | 6 No |
v, An amount spent for inaguration of new factory building is A, revenue expenditure B, capital expenditure c, prepaid expenditure d, none of the above
what do you mean byrecoupment of shortworkings in royalty accounts
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
distribution of gift in diwali to employee & buyer!! what's suitable expences head.
2 Answers Hindustan Institute of Technology,
who is the customer and vendor?
how to account salary advanced from petty cash
Define tally accounting
in what circumstances it is mandatory to calculate the goodwill.
Why Capital is Posted in the credit side? Concept of it briefly .
how to deduct tds on income from other sources with examples
Explain me the basic accounting equation?
If the financial year is Jan till Dec then would we make any entry for the telephone bill of Dec, whose invoice/bill would generate in Jan of next year. If yes what would be the amount as bill is still not received and what would be the adjusting entereis. Also how to rectify the same in next year?
Audit 
