Question

is fictitious assets is current assets​

Answer 1

Fictitious assets are those assets which are not real but whose benefits are derived by the company over a long period of time. Examples of fictitious assets are deferred revenue expenditure, preliminary expenses, etc. These are shown on the asset side of the balance sheet under the head "Miscellaneous Expenditure".....

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Answer 2

Answer:

No

Explanation:

fictitious assets gives benefit for long period of time .They cannot write off during an accounting period.