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P1 C1 Accounting and Its Terminology — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C1 Accounting and Its Terminology1 Mark
Question
Give the example of fictitious assets.
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Answer

Large scale advertisement exp., preliminary exp., share or debenture discount, exp. for issue of debenture or shares are known examples of fictitious assets.

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