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  • Unit 3 Ans & Unit 5

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    Rich Man
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    The document contains summaries for pages 2-5, 6-9, 10-14, 15-17, and 18-21 of another document. It discusses how fictitious assets like discount on debentures, preliminary assets, and underwriting commissions can be reported in either current or non-current assets sections of a company's balance sheet according to different accounting authorities. The fictitious assets are amortized over time.

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    UNIT 3 ANS & UNIT 5

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    The document contains summaries for pages 2-5, 6-9, 10-14, 15-17, and 18-21 of another document. It discusses how fictitious assets like discount on debentures, preliminary assets, and underwriting commissions can be reported in either current or non-current assets sections of a company's balance sheet according to different accounting authorities. The fictitious assets are amortized over time.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views42 pages

    Unit 3 Ans & Unit 5

    Uploaded by

    Rich Man
    The document contains summaries for pages 2-5, 6-9, 10-14, 15-17, and 18-21 of another document. It discusses how fictitious assets like discount on debentures, preliminary assets, and underwriting commissions can be reported in either current or non-current assets sections of a company's balance sheet according to different accounting authorities. The fictitious assets are amortized over time.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    1
    sum no 3 pg no. 2 to 5
    sum no 4 pg no 6 to 9
    sum no 5 pg no. 10 to 14
    sum no 6 pg no. 15 to 17
    sum no 7 pg no. 18 to 21

    put your fictitious asset in others current asset or other non current asset ,
    both ways are right. You can find this differed posting according to different
    author.

    Fictitious asset like ….


    Discount on debenture
    Preliminary asset
    Underwriting comission

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