Question

Which is the example of ficitious asset building bill receivable advertising expense cash

Answer 1

Fictituous assets are not assets actually , they are expenses and losses shown on asset side of the Balance sheet . Fictitious means " Fake " . Fictious assets are those assets which couldn't be written off during the present accounting period .

Examples

1.preliminary expense

2.promotional expense of a business .

3.discount allowed in issue of shares

4.loss incurred on issue of debentures .

Now i think you are clear❤

Answer 2

The examples of Fictitious Assets are as follows:
The Net Loss of the company.
The Promotional (Marketing) expenses of the company.
The Underwriting commission.
The Preliminary Expenses of the Company.
The Discount allowed on the issue of shares.
The loss incurred on the issue of debentures.