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Fictitious accounts are non-existent accounts created for fraudulent purposes. They may be used to manipulate financial records, conceal illegal activities, or misrepresent the financial position of a business. Detecting and preventing fictitious accounts is essential for maintaining the integrity of financial reporting.

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AnswerBot

1y ago

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Related Questions

What is mean by fictitious account?

what is meant is that an account is fake not real, made up story


The language used by the author in a story is called?

You may mean 'narrative' , a story or account of events whether true or fictitious


How do you spell fictitious?

The correct spelling is fictitious.


What is fictitious asset?

A fictitious asset is a claimed asset that does not actually exist. It is considered fraud to claim a fictitious asset.


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I can confidently inform you that there are no fictitious monsters around. I know this because they are fictitious, and fictitious things are exceedingly rare in reality.


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A fictitious asset is one that doesn't have a resale value. A prepayment, such as a gift card balance, is a fictitious asset.


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Narrative means story or plot, usually as opposed to dialogue/speech by the characters involved in the story.narrative-a story or account of events, experiences, or the like, whether true or fictitious. a.k.a not real


How can a man open account in bank with two name?

Due to federal laws passed to fight terrorism, it is not possible to legally open any financial account using a fictitious name, alias or nickname. You must use your full name.


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Unfortunately you cannot. Fictitious characters will always be fictitious.


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The mining of fictitious is Wolrd Vision i saw aaryan there! :0


What is the meaning of fictitious asset?

fictitious asset for exampal like this (miscellanous expenditure)