Accounting Question:

Download Job Interview Questions and Answers PDF

What are the fictitious assets?

Accounting Interview Question
Accounting Interview Question

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 Accounting Interview Questions And Answers PDF

Previous QuestionNext Question
What are the extraordinary items?What are the Steps involved in Project implementation?