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Define fictitious assets?

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Question added by Syed Tehama Ali
Date Posted: 2015/09/06
Deleted user
by Deleted user

Fictitious assets are the deffered revenue expenditure. These are also intangible assets such as advertisement expense,discount on issue of shares and debentures

ASHIQ MUHAMMED AMBALA  KANDY
by ASHIQ MUHAMMED AMBALA KANDY , Senior Accountant , FARABI PETROCHEMICALS COMPANY

its an asset which create vale to the company but that does not correspond to a real asset or have no resale value,eg:prepayments

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