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Quiz – Fictitious Assets – MCQ

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  • Time Limit: Unlimited
  • Level: Easy to Medium
  • Question Type: MCQs
  • Passing Score: 90%
  • No. of Questions: 10
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Fictitious assets are intangible assets.

Fictitious assets are _____ in multiple accounting years.

Fictitious assets are shown on the _____ side of a balance sheet.

Fictitious Assets are _____ for the business.

Which of the following is not an example of fictitious asset?

Which of the following is an example of fictitious asset?

Fictitious assets are not recognized in cash.

Fictitious assets are known to have a physical existence.

_____ is the meaning of ‘Fictitious’.

Prepaid expense is a fictitious asset.

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