Which of the following is a fictitious asset? MCQ with Answer and Explanation

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Which of the following is a fictitious asset?

A. Preliminary expenses

B. Patent

C. Goodwill

D. Trade mark

Answer: Option A

Solution (By JKSSB Mock Tests)

Preliminary expenses are a fictitious asset because they are not realizable and have to be written off. Goodwill, trademark, patent are intangible assets.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Correct Answer: Option A

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Correct Answer: Option D

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This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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