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What is fictitious asset?
A fictitious asset is a claimed asset that does not actually exist. It is considered fraud to claim a fictitious asset.
Fictitious asset and its advantage?
A fictitious asset is one that doesn't have a resale value. A prepayment, such as a gift card balance, is a fictitious asset.
What is the meaning of fictitious asset?
fictitious asset for exampal like this (miscellanous expenditure)
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is a desk a fixed asset or a current asset?
A fixed asset.
Is fixed asset a current asset?
fixed deposit is an assets
Is car a fixed asset or current asset?
fixed assest
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
Share discount is a fixed assets-?
A share discount is not a type of fixed asset, it is a type of net asset.
How do you determine the useful life of a fixed asset?
useful life of fixed asset
What is the journal entry for donating fixed asset?
debit donationcredit fixed asset
What is an intangiblee fixed asset?
An intangible fixed asset is one that cannot be physically seen or touched. Goodwill or brand loyalty is an example. A firm like Coca-Cola would most likely include a quantification of their good will as an intangible fixed asset on their balance sheet.
