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.
What is the total backstop facility provided by the Corporate Debt Market Development Fund (CDMDF)?
What will be the impact on Return on Equity if cash is paid to the creditors?
For individual housing loans below ₹30 lakh, what is the risk weight assigned?
Which of the following is the utility of Equity Multiplier for the investor?
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Interest coverage ratio can be numerically expressed in the form of the following equation:-
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 _____________ is the process of choosing a career, improving one’s skills, and advancing along a career path.
