Accountancy
This query is : Resolved
Nayeem Khan
(Querist)
14 January 2015
wht's the difference b/w fictitious assets and deferred revenue expenditure??
Preliminary expenses is treated as both. How?
Preliminary expenses is treated as both. How?
14 January 2015
fictitious assets are firstly not an asset in real sense and def rev exp means like whose benefit shall be not for 1 year but may be anywhere between 1-3 years on incurring such exp.
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