Question

Examples of fictitious assets in accounting equation

Answer 1

Explanation:

Fictitious assets are not assets at all, however, they are shown as assets in the financial statements only for the time being.

examples of fictitious assets are =

1) proportional expenses of business

2) preliminary expenses

3) discount allowed in issue of shares

4) loss incurred in issue of debentures

Answer 2

Answer:

Explanation:

Examples of Fictitious Assets

Promotional expenses of a business.

Preliminary expenses.

Discount allowed on issue of shares.

Loss incurred on issue of debentures.