Nonprofit Accounting Question: Download Questions PDF
Described fictitious assets?
Answer:
These are like intangible assets, which cannot be seen or touched. Actually, these are not assets but some expenditure, which cannot turn to profit and loss account of a particular period that is why these items are shown on assets side of balance sheet to be written off to P&L account in reasonable years.
Download Nonprofit Accounting Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Described extraordinary items? | Described the functions of manger -accounts and manager-finance? Explain in detail? |