Fictitious Assets - Explained in Hindi

What are fictitious assets? Explained in hindi with example. Fictitious asset is not a real asset but deferred expenses that are shown in assets in the balance sheet. Sign-up to our new app for discounts and early access:
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फिक्टिशियस एसेट्स क्या होते हैं? इस वीडियो में फिक्टिशियस एसेट को हिंदी में उदहारण के साथ समझाया गया है। फिक्टिशियस एसेट्स रियल एसेट्स नहीं होते बल्कि डैफर्ड एक्सपेंसेस होते हैं जो की बैलेंस शीट में एसेट्स के रूप में दिखाए गए होते हैं।
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In this video, we have explained:
What is a fictitious asset?
Why discounts or expenses are mentioned under other assets in the balance sheet of a company?
What is the economic value of the fictitious assets of any company?
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. But it does not meet the definition of the asset that is why it is referred as fictitious. Marketing expenses, bank NPAs, discounts on the issue of shares, and debenture losses are few examples of fictitious assets.
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Hope you liked this video in Hindi on “Fictitious Assets”.

[@AssetYogi]

Sign-up to our new app for discounts and early access:
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[@devyanijhamnani1482]

Fictitious assets comes in the category of deferred revenue expenditure due to the applicability of matching principle which means revenues are matched to cost incurred.
Overall it was a great video but a bit of technical details were not covered.
Mukul sir, request you to make a video on types of expenditure and receipts in accounting ; contingent assets and liability. It would be helpful to all.
Thankyou.

[@adityadav2501]

Thank u ma'am

[@summerbreeze5115]

Too technical

[@devyanijhamnani1482]

Accounting is technical and clerical in nature.

[@rakeshbhatt7684]

Hiii, sir first of all thank you so much for making this type of awesome videos, which can easily understand by anyone, Great work sir, your way of explaining is too good,keep going on.

[@storymode7602]

can you upload a video on difference between accounting in studies and accounting in actual life

[@AssetYogi]

Noting down the topic for future videos.

[@shahbazkamal9432]

My concept is clear On fictitious Asset after watching this ..U r awesome....Us should Start a course for Accounts and Finance Professional

[@Nobi_explorer]

Tq so much meri itni moti budhi me apki baat samjh aa gyi tq so much sir bhut acha lga. Aap bhiy acha pdhate ho

[@AssetYogi]

Thanks

[@aayushjain88]

Bhai Bhai 😅😂

[@tawseefkullarpgm1260]

Your way of teaching is awesome. Love u from jk

[@AssetYogi]

Thanks Tawseef :)

[@geetagyan2736]

*Deferred tax liability & Deferred tax asset
*Stamp duty receivable & stamp in hand
In topics pe video bna do..

[@AssetYogi]

Sure, noted the topic for future videos.

[@pushkarpaul5248]

Hi sir, Plz make a video on Contingent Liability, as i have gone through various other videos also but the concept is not clear. Kindly make a video on Contingent Liability

[@AssetYogi]

Noted the topic suggestion.

[@Indianexplorer007]

You are awesome... ultimate way of teaching

[@atulitkumar8694]

धन्यवाद और आभार आपका

[@AssetYogi]

Thanks Atuilit

[@atulitkumar8694]

@@AssetYogi Thankyou for reply and writing my name sir... 🙏 Happy Holi 🙏

[@bhagatrishi5454]

Can you please make a video on bonds and bond yield and its effects on economy. Thank you for your great videos with examples.

[@benformothernature]

Very well explained

[@AssetYogi]

Thanks for liking

[@commercevallah5751]

Please make a video on the difference between advertising and marketing

[@sunilkhapne3147]

Thank you very much Sir.. Your way of explanation is very easy to understand which makes even a complex subject easy to digest.

[@jyotipandey2400]

Well explained.

[@AssetYogi]

Thanks Jyoti :)

[@sangeetasingh2549]

Very effectively explained👌👍👏...Thank you...🙏😊

[@AssetYogi]

Keep learning Sangeeta 😊

[@abhishekmishra7239]

Video bhauth achhha hai

[@AssetYogi]

Thanks Abhishek :)

[@yasminsultana7222]

I came here to learn fictitious asset but I learnt both fictitious asset and amortization.

[@amansharma6064]

Fantastic sir ji
You explain things beautifully
Can you please make a video on banking sector/fin sector risks like credit risk, interest risk etc and basel norms. Tier1 and tier 2

[@vikasmeena2560]

Sir make a video on current and future status of different sectors

[@jayabhati352]

Thank you 😊 sir

[@AssetYogi]

You're welcome 😊

[@nishirajora5758]

Thanks sir..🙏🙏🙏🙏

[@AssetYogi]

Most welcome

[@vedadixit4674]

nicely explained

[@AssetYogi]

Thanks Veda

[@chhayakankariya2748]

Sir is profit and loss account debit balance is appearing In balance sheet...Means let's say 40000 then sir actual loss would be greater nam because losses may be more so company is revealing some losses on balance sheet.???

[@lokeshdudani9403]

Nice explain sir

[@AssetYogi]

Keep watching

[@Zamankaladi]

Helpful

[@abidmian7117]

Good Sir , very informative

[@AssetYogi]

Thanks 😊

[@soumyasm19]

thank you sir❤❤

[@deepak1234singhal]

Sir upload a video on Contingent Liability.....

[@AnjaliKumari-nm7et]

Depreciation on different types assets

[@kashyapkapatel]

Nice sir

[@AssetYogi]

Thanks 😊

[@Indianexplorer007]

Sir What is factoring ? BASEL NORMS, NPA, LEASE and it's type ?? In sb Topic pe video bna dijiye

[@NATURALPHYSICS1997]

Thanks sir

[@AssetYogi]

Welcome

[@sahajsinghsethi1816]

👌Very nicely explained

[@AssetYogi]

Thanks 😊

[@harshchotaliya2554]

Sir make a video of letter of credit and commercial paper please 😁👍

[@ratanpurivideos2603]

Please income and expenditure A/C so.

[@abhinavgwari9325]

Super.

[@AssetYogi]

Thanks Abhinav

[@NeerajKumar-yf4nc]

What is difference defferent revenue expenditure and fictitious assets

[@HiHi-qe2ky]

Ty ✨

[@AssetYogi]

Most welcome

[@Ravisharma-ri2hx]

Respected sir, kindly use some statuary requirements with concept.

[@aftabiraki5244]

Maza aaya mujhe v sunke

[@richasharma367]

Nyc sir

[@venkateshberi]

Sir, thank you for posting a nicely explained video

[@AssetYogi]

You are most welcome

[@mani4797.]

Tq sir

[@AssetYogi]

Hope it's helpful 😊

[@manishwairagade8057]

Goodwill

[@dhananjaymanjrekar1881]

Good speech sir

[@meetalakhani6475]

It's given that fictitious assets don't have physical existence than how advertisement is called ficicious asset

[@yashmehta8141]

Sir thank you very much 😊😌 for such an amazing video 😊
Video liked and shared to frnds

[@AssetYogi]

Thanks Yash 😊

[@sponeed6682]

Nice explanation 👌 👍 👏

[@minhazsammy351]

Thank You so much💝

[@thewiseone0808]

Really good explanation ,thank you

[@AssetYogi]

Hope it's helpful :)

[@rajeevdhaka7296]

Sir thank you so much aap ki help se hum logo ke kafi concepts clear ho gye h

[@AssetYogi]

Jankar khushi huyi ke mere videos helpful sabit ho rahe hain.

[@Curious-Jitender]

This is intangible asset

[@rishukumari4447]

Jornal entries kya hoga jb fictitious assets ko write off krenge.... Plz sir reply me

[@kanhaiyasharmavlogs3340]

P&L Account Debit
To Fictitious Assets Account.

[@almeer.express]

Thanks.

[@outoftheboxindia4855]

Nice Sir " please make the video on
1)Factoring,
2)Packing Credit,
3)Secured Premium Notes (SPN)

[@AssetYogi]

Sure, Noted the topics for future videos.

[@outoftheboxindia4855]

Asset Yogi thanks sir

[@mohammadifthkar658]

Plz sir explain deffered revenue expebditure

[@Ginnisingh58]

Both are same...

[@rahulrana6623]

Thanks sir for this explanation

[@AssetYogi]

Hope it's helpful 😊

[@arijeetdas1379]

Great knowledgeable video, Sir Intangible assets se related video upload kijiye please.

[@alpharays2668]

Fictitious assets show in B۔S as current assets or intangible assets ???

[@mansichambyal6419]

Debtor bad dets and porvison for doubtful debts make up on this topic

[@suruchikumari6150]

Sir please make vedio for buy back of shares

[@balaramnath5713]

Sir thank you so much.......

[@user-np1xj5ws4g]

Is it same as defferred revenue

[@karan10.10]

Thanks

[@AssetYogi]

Hope it helps.

[@Grovestreet2625]

very helpfull👌👌

[@THETECHCODEAadharMehta]

Nice

[@vaibhavbajpai8640]

Can you please make a video online liquid assets and real assest

[@shaiksazidh8209]

Thanks for verrrrrrrry much ur deep thinking knowledge.

[@AssetYogi]

Glad to know, thank you 😊

[@shreejicomputerclassesjuna6972]

Thank you

[@akibali8636]

Thanx so helpful

[@Kulwinder_its_me]

Sir please make video kcc and agricultural loans... Cibil std, sma, sub

[@akjha9530]

Hello sir I am fresher in the share market how can invest in mutual fund please give guide on invest..

[@raghavthakur8705]

Sir kya ise previous assets kah sakte hai

[@toonsworld1658]

Sir kya ham short-term investments ko ficicious assets bol sakte hain

[@pallaviparashar7330]

Then what is the difference between fictitious asset and revenue expenditure

[@studyondav]

Sir kya ye assets me se less hota h balance sheet ma

[@vrandaverma8479]

Can shares can't be issued at discount

[@raheeskhan1185]

Sir please ye btado ye fictitious asset account real account ha ya nominal account

[@vaishnopharma8460]

Thanks for deep knowledge

[@AssetYogi]

Thank you for appreciation, hope its helpful 😊

[@arobindasahu8972]

Sir, i just want to know that deferred revenue expenditure and fictitious asset is the same thing or not???

[@kartiksaini5949]

Same

[@yogendragzb]

sir i have a query I am writing below.
suppose i have paid insurance expense for 5 years so this is a prepaid expense and knocking off through crediting prepaid insurance expense but when we are paying for advertisement and allocation its cost to more than a year ,its called fictious asset. i am bit confused can you clear both of things .through journal.

[@acccountsofknowledge5646]

nice sir

[@banitaparida807]

Can you explain contingent libalities

[@RAHUL-ms1on]

Thz ji...

[@kailask8402]

sir please tell me contingent liability not acknoledged as debt means

[@RahulKumar-up6zd]

Cost of goods sold full description pls sir

[@19-rajveergohil11]

Sir what is others name of fictitious assets

[@AssetYogi]

More Examples of fictitious assets:
The Net Loss of the company.
The Promotional (Marketing) expenses of the company.
The Underwriting commission.
The Preliminary Expenses of the Company.
The Discount allowed on the issue of shares.
The loss incurred on the issue of debentures.

[@brd8764]

Fixed assets. Clear assets.

[@BhagatSingh-ou2ld]

Sir, what is write off assets.
How to fill this loss

[@Desipakwan999]

Agar koi saller jammin sell karta he to uska 50% paisa milta he baki paisa v nahi deta he aur register v nahi leta he buyer aur 15 Sal bad buyer jammin ki register mangta. Avi help kijie us Jamin ka register de denge ya nahi Dene se v Jamin ka price me badlab hoga ya nahi.
Please iska answer dijiye.

[@manishchahar6896]

👍

[@patelmanav2472]

Op tha vedio

[@arsalanazmi5775]

Thank you Sir

[@AssetYogi]

Hope it helps.

[@nitingahlot6252]

Incredible MM sir

[@mayankmiddha7028]

Why loss is an asset?

[@mangeshsharma7326]

Sir primary credit card holder is father & i am add on holder of father credit card now.. ? is now i am default of personal loan as well as credit card of my own personal c.crd.. will my father CIBIL score will get affected due to me & that add on card will get blocked

[@ojeshgupta8948]

reconciliation account kya hota hai ?

[@vijaykumarsingh2433]

toh difference kya hua deferred revenue expenditure mai