Interested to Buy Any Domain ? << Click Here >> for more details...
what is the accounting entry for fictitious asset
- 4 Answers
- 16124 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / trupti r.mahindrakar
Goodwill is one of the fictitious asset & its accounting
entry will be
Goodwill A/c.....Dr.
To, company, individual(PARTNER), firm.
| Is This Answer Correct ? | 7 Yes | 5 No |
Answer / joseph
Debit Fictitious Asset and Credit the Capital
Example Goodwill
Goodwill Debit
To Partner
| Is This Answer Correct ? | 12 Yes | 11 No |
Answer / yeah
In banking since a loan is an asset w/o consideration
through fractional banking is a fititios asset. Since
there's no real tangible asset to back money (credit) made
through a book keeping antry
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / ipshita
Goodwill dr
To shares/cash(any consideration paid)
| Is This Answer Correct ? | 6 Yes | 6 No |
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
Expand---------SRPM
whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.
How do you feel u contributed to its effectiveness?
0 Answers Accounting, Bharti, Ernst Young, Global Brands, RFG, SEMA,
What are intangible assets?
How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?
what is monthly closings.
How to raise capital (equity) in non-listed company?
what is GSP . Pls clear it
What is the most effective team you have ever been a part of ?
assume we have taken a assest on 20/02/2010,then can we charge depreciation for a whole finacial year?
Explain the exact meaning of debit note and credit note in the case of hospital business mainly in case of billing?
Audit 
