Fixed Assets - what is ficticious assets

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what is ficticious assets

Total Answers and Comments: 7

Last Update: August 27, 2007 Asked by: ravindar goud

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Best Rated Answer

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Submitted by: C.A Vikas & Seemant & co.

ficticius assets are those assets which are not write off at once and which are not treated as fixed assets like Deffered revenue Expenditure.

Above answer was rated as good by the following members:
Venugopalnair_s

July 31, 2006 04:25:26

#1

Shruti

RE: what is ficticious assets

Ficticious assets are discount on issue of debentures loss on issue of debentures.

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August 27, 2006 14:55:41

#2

Renuka.k

RE: what is ficticious assets

Ficititious asset do not have concrete form and it is not realisable by cash.Eg-preliminary expenses.adversiting exps disc. on issue of shares/debenture dvpt exps.

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September 30, 2006 01:51:36

#3

ravi

RE: what is ficticious assets

Asset Which We Create are known as Ficticious Assets.

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October 16, 2006 08:40:57

#4

T.susheelkumar

RE: what is ficticious assets

fictictious where there on movement of cash just it is book entry

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December 10, 2006 04:31:32

#5

chowdary.thakkella

RE: what is ficticious assets

Ficticious are assets not seeable items like goodwill patents copy rights royalties.

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December 14, 2006 00:35:59

#6

sreevani

RE: what is ficticious assets

ficticious assests are those assests which are not invisible in nature but they are value is enjoyed. ex such as goodwill copyrigths patents revenueexp suchas advertisments etc.

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August 27, 2007 05:47:12

#7

C.A Vikas & Seemant & co.

RE: what is ficticious assets

ficticius assets are those assets which are not write off at once and which are not treated as fixed assets like Deffered revenue Expenditure.

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