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Preliminary expenses are the best example for ?

A. fictitious asset.B. intangible asset.C. wasting asset.D. floating asset

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Question ajoutée par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date de publication: 2015/01/22
Utilisateur supprimé
par Utilisateur supprimé

OPTION A

Sahar Alech
par Sahar Alech , Auditor / Financial Manager , Accounting Services Office

.... A ..... is the correct answer

Utilisateur supprimé
par Utilisateur supprimé

 (A)

Mir Mujtaba Ali
par Mir Mujtaba Ali , Internal Audit Manager , Confidential

A

Fictitious Assets is a term applied to items of expenditure not represented by present value. They may represent absolute losses not written off, but carried forward in the Balance Sheet, or expenditure of a deferred revenue nature the benefit of which is presumed to extend over a period of years

Tanveer Qureshi
par Tanveer Qureshi , Director , Qureshi Associates

The right answer is Option-A.

Alex Al Yazouri
par Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

I thought operational cost is not yet asset. Let us say

A. fictitious asset.

Mohammed Salim Allana
par Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Agree with all champs. A, Fictitious asset.

Mohammed  Mohammed
par Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

Answer is   option A

 

The purpose of creating fictitious assets is to account for those expenses , which are incurred in starting a business . Generally, these expenses  will be write off  over a period of5 years. 

 

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Waqas Raza Khan
par Waqas Raza Khan , Accountant , Cold Store Group of Saudi Arabia

Answer: Option A

fadil hoory
par fadil hoory , محاسب , شركة مقاولات بالسعودية

ANSWER     A

khaled Ibrahim Sayed Abd El Salam Ibrahim
par khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company

We all as the above answers (( A )) , but from my point of view the answer from the Question , I mean its mention in the Q. word (( Preliminary )) which is differ than B as its tangible Or C as its MUST be done to begin the nature of the company and finally Not D as its not floating.

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