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

Which of the following is not an example of a fictitious asset?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Raw materials stock
  • B Debit balance of profit and loss account
  • C Preliminary expenses f a limited company
  • D Expenditure on incorporation carried forward
Correct Answer: Option A
Explanation:

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