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Accounting Interview Question:
What are the fictitious assets?
Submitted by: AdministratorThese are like intangible assets, which cannot be seen or touched. Actually, these are not assets but some expenditure, which cannot turn to profit and loss account of a particular period that is why these items are shown on assets side of balance sheet to be written off to P&L account in reasonable years.
Submitted by: Administrator
Submitted by: Administrator
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