Question

what are fictitious assets?​

Answer 1

.....ok wait. ...........

Answer 2

Answer:

Hola mate

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here is ur answer

Asset created by an accounting entry (and included under assets in the balance sheet) that has no tangible existence or realizable value but represents actual cash expenditure. Fictitious assets are written off as soon as possible against the firm's earnings.

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hope this will help you ✔