Fictitious assets are shown under which sub head of assets in the balance sheet - Accountancy - Financial Statements of a Company

Question

Fictitious assets are shown under which sub head of assets in the
balance sheet?

Richa Gupta · Accepted Answer

Dear student,

Portion of Fictitious Assets to be written-off within 12 months
under 'Other Current Assets' Portion of Fictitious Assets to be
written-off after 12 months under 'Other Non-Current Assets'

Fictitious assets are shown under which sub head of assets in the balance sheet?