Question

fictitious assets written off then​

Answer 1

Answer:

Fictitious assets are written off against the firm's earnings more than one accounting period. Basically, they are amortized over a period of time. They are recorded as assets in financial statements only to be written off later.

Answer 2

Fictitious assets are written off against the firm's earnings more than one accounting period. Basically, they amortized over a period of time.

Fictitious assets are written off against the firm's earnings more than one accounting period. Basically, they amortized over a period of time.