Accountancy, asked by dubeysatyam328, 5 months ago

48. The Fictitious assets appears on side​

Answers

Answered by Anonymous
27

Answer:

Fictitious assets are shown on the asset side of the balance sheet of a company under the heading Miscellaneous Expenditure. The incidental expenses which cannot be classified as manufacturing, selling, and administrative expenses are called miscellaneous expenditure.

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