fictitous assets
This query is : Resolved
28 July 2008
What is the fictitous assets & also tell examples?
What is the fictitous assets & also tell examples?
28 July 2008
Fictious Assets are intangible nature, and the expenses incurred and not charges to P & L Account. And the benefits of expenditure will accrue for more than a year.
Example for Fictious assets are Preliminary Expenses, Share Issue Expenses, Discount on Share Issues.
Example for Fictious assets are Preliminary Expenses, Share Issue Expenses, Discount on Share Issues.
28 July 2008
Intangible assets are called as ficticious assets.
Examples are: Goodwill, Preliminary expenses etc.
Examples are: Goodwill, Preliminary expenses etc.
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