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.

How do you handle lack of direction or working in chaos

2043

---

What do u mean by pass through expenses? give examples, how it will be accounted & billed?

5946

---

what is internal audit

2047

---

What is meant by consignment

2115

---

How can someone prepared for Syndicate Bank Interviw? Do interviewer going to ask any aptitude questions or will it be similar to other PO Interviews? Answers solicited..

1977

---

i want report country wise with invoice number for gl account

2219

---

different between acconting and elective mathematics

2216

---

What is money measurement concept

2124

---

While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"

1983

---

in what form is crr kept in RBI?

2480

---

EXPAND___________IMF

2202

---

how a fund flow statement benefit the individual, corporate?

2244

---

define drawer or maker

4235

---

recently release the 6.0 version not succede in the market why?

1985

---

Short Answer on ________Adjusting Entries

2165

---