Fictitious capital could be defined as a capitalisation on property ownership. It cannot be touched and felt and therefore, goodwill is an intangible asset. Fictitious assets on the other hand, are the expenses or losses which are still to be charged from the profit and therefore, cannot be classified as tangible or intangible.
A highly liquid, current asset. Working assets are taken in and distributed over relatively brief periods of time. Skip to content. Search for:. Home » QA. Why goodwill is an intangible asset but not fictitious asset?
Commerce Question. Answer to Question. Manraj Kaur Oct 30, Goodwill is considered as an intangible asset of the firm. It does not have any physical existence. It just has a capability to help the business in earning more and more profits. On the other hand, fictitious assets are neither tangible nor intangible assets. They are the expenses or losses which are still to be charged debited from the profit.
Upvote Anuj Kumar replied Oct 30, Isha Agrawal Apr 08, Fictitious assets can also be understood as deffered revenue expenditure. Upvote 1. Posted by Aashish Patel 1 week, 2 days ago. Posted by Yashi Vijay 4 days, 8 hours ago. Posted by Suji Priya 4 days, 23 hours ago. Posted by Sweta Tiwari 12B 5 days, 19 hours ago. Posted by Batth Batth 1 week, 1 day ago. Posted by Abhiman Dubey 2 days, 18 hours ago.
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