Financial Accounting, Fixed Assets
Overview During the normal course of business, there are certain routine expenses that are considered unavoidable. They are part and parcel of the operations of the company, and therefore, need to be paid by the company in order to ensure that there are no bottlenecks...
Current Assets, Financial Statements, Fixed Assets
Definition Fictitious assets can be defined as assets that are fake. They do not have a physical presence, and hence, these assets are not really assets in the true sense, but in fact, they are defined as assets that are mainly categorized as huge expenses or losses...
