What are Fictitious Assets? Give example.

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Surada Yerrayya

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Fictitious assets-fictitious assets are deffered revenue expenditure whose benefit is derived over long period of time.Even accumalated losses are also fictitious assets as they are written off over a period of time.All fictitious assets are intangible but all intangible assets are not fictitious.ex...
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Fictitious assets-fictitious assets are deffered revenueexpenditure whose benefit is derived over long period of time.Evenaccumalated losses are also fictitious assets as they are writtenoff over a period of time.All fictitious assets are intangible butall intangible assets are not fictitious.exgoodwill.patents,trademarks,copyrights are intangible but notfictitious.following are the examples of fictitious assets are-preliminary expenses,discount on issue on debenture andshares,underwriting commission,miscellaneous expenditure,profitand loss(dr). read less
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