Answer Posted / piyush

the meaning of fictitious assets is the assets which is not tangible in nature but the actual expense shown in the balance sheet following r the examples:
1-preliminary expenses
2-underwriting commission
3-discount/cost/expenses on issue of shares/debentures
4-patents
5-deffered expense etc

Expand-------------BRTS

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Expand-------NSAC

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Short Answer on __________Measurement

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