what are fictious assets? give some examples?
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Answer Posted / deepak sharma....
Fictitious Assets Also known as deferred Revenue Expenses Are the Items which are not Assets in Reality....but they are shown in the assets side of Balance sheet due to their Debit balance.....
Some examples of Fictitious Assets are given below....
1) Discount on issue of shares/debentures.
2) Loss on issue of debenture.
3)P&L a/c (Dr)
4) Amalgamation
5)Preliminary Expenses
6)Underwriting of Shares/Debentures...
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