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Fictitious assets like preliminary expenses represent actual resources available to the business. - Commercial Applications

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प्रश्न

Fictitious assets like preliminary expenses represent actual resources available to the business.

पर्याय

  • True

  • False

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उत्तर

False

Explanation:

Fictitious assets like preliminary expenses do not represent actual resources. They are only deferred revenue expenditures shown on the asset side until written off.

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पाठ 11: Nature and Terminology of Accounting - EXERCISES [पृष्ठ १३४]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
पाठ 11 Nature and Terminology of Accounting
EXERCISES | Q I. 18. | पृष्ठ १३४
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