Question

What is Fictitious Assets ?​

Answer 1

Answer:

Fictitious assets can be defined as fake assets. They do not have a physical presence, and hence, these assets are not really assets in the true sense

Examples

Promotional marketing expenses.

Underwriting commission.

Preliminary expenses.

Discount allowed on shares.

Loss incurred (issue of debentures)

Explanation:

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Answer 2

Answer:

Fictitious assets can be defined as fake assets. They do not have a physical presence, and hence, these assets are not really assets in the true sense.

Explanation:

Examples

Promotional marketing expenses.

Underwriting commission.

Preliminary expenses.

Discount allowed on shares.

Loss incurred (issue of debentures).