In this video, I discussed about the Why Prepaid expenses are not the fictitious assets. Why Prepaid expenses are only considered as a current assets. Why it is not written under fictitious assets.
For Prepaid expenses meaning and why it is asset/current asset
https://youtu.be/bvPrCZrCSLM
For Fictitious Assets Meaning and Concept
https://youtu.be/BufdGCEb7Gc
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Why Prepaid expenses are not Fictitious assetsWhy prepaid expenses are not written under fictitious assetsPrepaid expenses
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