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what is the difference between intangible assets and
fictious assets
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Answer Posted / atul rana
Intangible assets: trhis assets dont have a physical
identity. this assets we dont touch and we cant see.
This assets arising from with business conections.
Ex:goodwill,patents,copyrights,Tradmarks.
Ficticious assets: this assets under the asset side in the
balance sheet which has no real value.
EX:preliminery Expenses,Debt balace P& L Accounts
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