Want this question answered?
it is prepared so the amount reduced will be utilised in writing of fictitious assets, some intangible assets and the over valued portion of fixed assets
give me an example of source of assets?
examples for current assets?
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
Quick assets or liquid assets are those assets that can be converted into cash fairly soon... eg, accounts receivable, marketable securities, current assets excluding inventory, etc.
Fictitious assets-fictitious assets are deffered revenue expenditure whose benefit is derived over long period of time.Even accumalated losses are also fictitious assets as they are written off over a period of time.All fictitious assets are intangible but all intangible assets are not fictitious.ex goodwill.patents,trademarks,copyrights are intangible but not fictitious.following are the examples of fictitious assets are-preliminary expenses,discount on issue on debenture and shares,underwriting commission,miscellaneous expenditure,profit and loss(dr).
A fictitious asset is a claimed asset that does not actually exist. It is considered fraud to claim a fictitious asset.
Intangible assets are basically fixed assets that have no physical status (e.g. goodwill, patentright,copyright etc) . The Intangible assets are written off after a specified period. Fictitious assets also have no physical existence but they only include the assets having the nature of deffered revenue expenditures (e.g. deffered advertisement expenses, discount on issue of shares or debentures).
fixed assets are long term assets which have long term period
it is prepared so the amount reduced will be utilised in writing of fictitious assets, some intangible assets and the over valued portion of fixed assets
Current Assets:These are those assets which are utilizable by the company in one fiscal/accounting yearFixed Assets:These are those assets which are utilized by the company for more then one fiscal/accounting year For example: Machinery, Land etc.
give me an example of source of assets?
examples for current assets?
Fictitious (ficticius artificial, feigned, from fictus) is the use of your imagination to create something. for example making a flag using the Fibonacci Sequence.
Assets have of two types Current Assets Non-Current/ Fixed Assets Current Assets are those which company utilizes in one fiscal year for example, material, Fixed assets are those assets which company utilizes for more than one fiscal year for example, machinery, plant, equipment etc
profitability analysis
There are many. An example is The Da Vinci Code.