capital" (actual cash held). This sort of accounting fiction can be legal or illegal, depending upon the intent behind the entry. Learn about a little known plugin that tells you if you're getting the best price on Amazon. The market value of fictitious capital assets Examples of Fictitious AssetsPromotional expenses of a business.Preliminary expenses.Discount allowed on issue of shares.Loss incurred on issue of debentures. A highly liquid, current asset. … Expenses or losses that are not written off during the accounting period of occurrence because they give long-term benefit over a period of time are categorized as fictitious assets. … A working asset is also called a floating asset or a circulating asset. "},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"The short answer is yes, generally, your car is an asset.\u003ca href='https://chocolatebarcabarete.com/qa/what-are-the-examples-of-fictitious-assets.html#qa-is-car-an-asset'\u003econtinue\u003c/a\u003e"},"name":"🔎Is car an asset? Accounting systems are designed to keep track of a company's revenue and expenses and to classify and value assets and liabilities for tax and reporting purposes. . It does not have any real value as an asset and cannot be sold. those fixed assets that have no physical status at all viz, goodwill, patent right,  copyright etc . "},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"In the case of a corporation, a fictitious business name is any name other than the corporate name stated in its articles of incorporation.\u003ca href='https://chocolatebarcabarete.com/qa/what-are-the-examples-of-fictitious-assets.html#qa-what-is-a-fictitious-company'\u003econtinue\u003c/a\u003e"},"name":"🔎What is a fictitious company? Question: How Much Weight Can I Lose In A Month? The situation strays into illegal territory when businesses create a fictitious asset account to defraud investors or to otherwise falsify a balance sheet. The business was able to obtain these assets by making a purchase or receiving a transfer that results in a corresponding entry to an expense account. "},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"A highly liquid, current asset.\u003ca href='https://chocolatebarcabarete.com/qa/what-are-the-examples-of-fictitious-assets.html#qa-what-is-a-floating-asset'\u003econtinue\u003c/a\u003e"},"name":"🔎What is a floating asset? also be defined as "tradeable. Fictitious capital could be defined as a capitalisation on property ownership. Using a fictitious asset account is a legitimate way to hold these types of unattached expenditures until they can be properly processed.