ELI5: Explain Like I'm 5

Fictitious entry

Imagine you have a notebook where you write down all the money you have. But sometimes, you might forget to write down something you spent or received. And sometimes, you might want to pretend that you spent or received money that you didn't, to make your notebook look better.

A fictitious entry is like that. It's something that someone wrote down in their book or computer that is not real. They made it up.

For example, let's say you work at a store, and you sell something for $20. But instead of writing down that you received $20, you write down that you received $30. That extra $10 is a fictitious entry because it's not real. You made it up.

Fictitious entries are bad because they can make you think you have more money than you actually do. It can also be against the law to make them, especially in a business setting. So it's very important to always be honest and only write down real things in your notebook or computer.