Fictitious Assets are not assets which are tangible and 
visible like buildings, machinery , computer but the 
expenditure on some activity which is considered as a 
Capital expenditure instead of Revenue expenditure. When 
expenditure incurred amount is not debited to Profit and 
Loss A/C but shown as Fictitious asset and over a period 
the amount is writtenoff or debited to Pand L account. For 
example Share issue expenses by a Corporate, This is not 
debited to P& L A/c in the year in which it is incurred but 
debited in instalments as decided by Management over few 
years.

these are assets not represented by tangible possession or 
property. example of preliminary expenses discount on issue 
of shares, debit balance in the profit and loss account 
when shown on the assets side in the balance sheet.

this is different types of assets who existence  is
invisible but who benefits are enjoyed

fictious assets are those assets which are not represented 
by tangable possession or property eg,priliminary 
expensis,  dr balance of p/l a/c

fictitious asset
Definition
Asset created by an accounting entry (and included under 
assets in the balance sheet) that has no tangible existence 
or realizable value but represents actual cash expenditure. 
The purpose of creating a fictitious asset is to account 
for expenses (such as those incurred in starting a 
business) that cannot be placed under any normal account 
heading. Fictitious assets are written off as soon as 
possible against the firm's earnings.

fictious assets are those assets which are not represented 
by tangable possession or property eg,priliminary 
expensis,  dr balance of p/l a/c