Answer Posted / just venkey.....

fictitious asset
Definition
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.

how many types of practice accounts?

2017

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what is CDD’s configuration

2322

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is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me

2244

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what is controlership?

2343

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why would you like to opt nbp

2055

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1870

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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.

2018

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1889

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2210

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2271

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In case of new admission of partner what will be the adjustment for the sharing ratios

2088

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Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet

2104

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Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000

1737

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What is the difference between payable and accrual

1955

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Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L

2530

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