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What are the fictitious assets?

Financial Accounting
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Question added by Mian Muhammad Naeem Jan , Chief Finance Officer , Sidra Events Management Company Ltd
Date Posted: 2015/11/14
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amna Amir
by amna Amir , Senior Associate Internal Audit/ Team Lead , Allied Bank Asset Management Company

Assets created by an accounting entry that have no tangible existence or realizable value but represents actual cash expenditure i.e advertisement , intangible assets etc

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