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what are fictious assets? give some examples?
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Answer Posted / farkhanda naz
Fictitious assets are the assets having n0 market value and can n0t be sold in the market. Like preliminary exp, discount on issue of shares. These assets are written on assets side of balance sheet and being wrotten off fr0m year t0 year nd remains in the balance sheet till their balnce bec0mes zer0.
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