An asset which does not have a physical form but has the potential to have a monetary value is known as an ------------- Sol: | Faculties

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📊 Financial Accounting

Q. An asset which does not have a physical form but has the potential to have a monetary
value is known as an -------------
Sol:

(A) Fictitious Asset
(B) Physical Asset
(C) Intangible Asset
(D) all

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✅ Correct Answer: (C) Intangible Asset

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