Question
Where are the fictitious assets shown in the financial
statements?Solution
Fictitious assets are assets that do not have any tangible or physical existence but are shown on the asset side of the balance sheet. These assets are not real assets, and their value cannot be realized or recovered by the company. Fictitious assets are created by the accounting process, and they represent expenses or losses that have been incurred by the company but have not yet been written off as an expense.
Statements:
All Rose are Lotus
Some Lotus are Tulip
All Tulip are Lily
Conclusions:
I. Some Lily are Rose
II. No Rose is a Lily
- Six persons R, S, T, U, V and W sit in a row and face north direction. W sits immediate left of T. R sits second to the left of S. Three persons sit betwee...
Which of the following statements is true about the girl who likes ‘I’?
Who among the following sits on the extreme ends of the row?
Which of the following junk food is Tanya eating?
Which of the following Colour is liked by G?
Six friends, P, Q, R, S, T and U, are sitting around a circular table, facing the centre of the table. P is second to right of S. Q is sitting to the im...
Six teachers S, T, U, V, W and X are sitting around a circular table (not necessarily in the same order ). W is third to the left of U. T is on the imm...
If M sits immediate right of V, then what is the position of M with respect to R?
How many persons sitting between I and H?
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