what are fictious assets? give some examples?
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Answer Posted / amit
Fictitious assets are the deffered revenue expenditure.
These are also intangible assets such as advertisement
exps.,discount on issue of shares and debentures. But it
does not include goodwill,Patents, Trade Marks. These
assets are called intangible assets.
All fictitious assets are intangible but all intangible
assets are not fictitious assets.
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