Which of the following is an example of fictitious asset ?

CS Executive · Corporate and Management Accounting · PYQS · June 2022
Which of the following is an example of fictitious asset ?
(A) Provision for taxation
(B) Provision for depreciation
(C) Cash discount to customers
(D) Discount on issue of shares

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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