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fictitious asset

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fictitious asset

    • Posted by Mohit Girdhar 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Kopal Shukla 6 years, 10 months ago

    Fictitious asset r those asset which doesn't have any value

    0Thank You

    Jot Randhawa 6 years, 10 months ago

    Fictitious Assets are assets just created by an accounting entry which does not have a tangible existence or resalable value. It only represents actual cash expenditure.e.g preliminary expenses ;discount on issue of shares etc.

    1Thank You

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