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what are fictious assets? give some examples?
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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
| Is This Answer Correct ? | 27 Yes | 11 No |
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