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what are fictious assets? give some examples?
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Answer Posted / niyaz bin navaz
Fictitious assets are those assets which have no market value or which is not have physical appearnce.It represent actual cash credit and these are imaginery assets not real one.
Eg:- Priliminary exp.
Discount on issue oo shares
Advertisment exp.
Management exp.
Profit and loss (dr)
Formation exp.
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