A

Admin • 833.24K Points
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Q. Which of the following is a fictitious asset?

  • (A) Goodwill
  • (B) Preliminary Expenses
  • (C) Stock
  • (D) Furniture
  • Correct Answer - Option(B)
  • Views: 25
  • Filed under category Accounting
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Explanation by: Admin

Preliminary Expenses are fictitious assets because they are not real assets but are shown in the books temporarily.

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