wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Is A Fictitious Asset - Commerce Q&A


Open in App
Solution

No. Fictitious is not an asset.

Fictitious refers to a fake or not a real asset at all, but they are shown as assets in the financial statements only for the time being

Explore more such questions and answers at BYJU’S.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Fixed Capital and Working Capital
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon