Question

What is fictitious assete ​

Answer 1

$\bold{ANSWER}$

Asset Is an accounting entry that has no tangible existence or realizable value but represents actual cash expenditure.

fictitious assete

Answer 2

heya..

here is your answer..

●Fictitious means fake, imaginary or not true.

●As the name says fictitious (not true), these assets are not actually assets of the company though it is shown in the assets side of the balance sheet.

It may help you..☺☺