Question

what is fictitious asset​

Answer 1

Answer:

Fictitious asset is not a real asset but deferred expenses that are shown in assets in the balance sheet. ... Expenses or losses that are not written off during the accounting period of occurrence because they give long-term benefit over a period of time are categorized as fictitious assets.

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Answer 2

Answer:

Fictitious asset is not a real asset but deferred expenses that are shown in assets in the balance sheet. ... Expenses or losses that are not written off during the accounting period of occurrence because they give long-term benefit over a period of time are categorized as fictitious assets.