What is fictitious assets? Discuss its use in accounting along with suitable examples?

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Auditing Cases An Interactive Learning Approach

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Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt

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Posted Date: Dec 11, 2023 12:23 AM

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What is fictitious assets? Discuss its use in accounting along with suitable examples?

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Fictitious assets are not actually assets but expenses and losses which for various reasons cannot be written off during the year they are incurred Th... View the full answer

Auditing Cases An Interactive Learning Approach

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