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Fictitious assets

An accounting term for balances which are not strictly assets in the tangible, or even intangible, sense but are nevertheless shown on the asset side of a balance sheet because the rules of double-entry demand that they should be so shown. A good example of this would be a debit balance on a profit and loss account, or more precisely a loss carried forward with no accumulated profit or reserves against which it could be set.

Reference: The Penguin Business Dictionary, 3rd edt.