RE: What are the fictitious assets?

What are the fictitious assets?

Nielgrey Trainee Asked on November 3, 2014 in Accounting.
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2 Answers

An asset entry recorded on the balance sheet of a business that has value to the business, but is neither a real asset  nor  has a resale value. e.g.  prepayments or deferred revenue.

CA Ritika Mittal Accountant Answered on November 10, 2014.
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