Answer Posted / shiks

Fictitious assets are those which cant be debited in P&L a/c in the same year in which they are incurred.However they are recorded in asset side in B/S.These are intangible assets and are written off over a period of time.
Ex.-Share Issue Expense,MAnagement expense,Preliminary expense,Advertisement expense.

hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com

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