Question

What item comes after "Current Asset" on
Asset side in the balance sheet of a co-
operative society ?
a. Staff provident fund
O b. Fixed assets
c. Sundry debtors
d. Cash at bank​

Answer 1

Answer:

Miscellaneous Expenditure

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".