Assets are vital to every company and are considered an essential part of the balance sheet. They are either bought or created to increase an organization’s value or benefit its operations. An asset is generally thought of as something that can reduce expenses and generate cash flow in the future.
There are various types of assets, and each one is as important as the other. However, there is a lot of curiosity about a fictitious assets example list and what it truly means. Fictitious asset is a fundamental asset type that confuses several ordinary folks.
This article talks in detail about the essential aspects of fictitious assets to understand the concept better.
