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What is fictitious account?

What is fictitious account? Fictitious assets are the assets which has no tangible existence, but are represented as actual cash expenditure. The main purpose is to create this account for expenses which are not placed in any account headings. … Fictitious assets have no physical existence. No realisable value.

What is the meaning of fictitious interview?

A mock interview is an emulation of a job interview used for training purposes. The conversational exercise usually resembles a real interview as closely as possible, for the purpose of providing experience for a candidate. … Mock interviews can be videotaped; the candidate can view the tape afterward, and get feedback.

Is not fictitious asset?

These assets include a debit balance of profit and loss A/c and the expenditure not yet written off such as advertising expenses etc. Among the given options Discount on issues of shares and debentures is not the example of fictitious assets.

Is the example of fictitious asset?

Fictitious assets are the deffered revenue expenditure as well as intangible assets i.e advertisement expenses, discount on issue of shares and debentures. But point to be remembered that Goodwill, Patents, Trade Marks are not the part of Fictitious assets.

Why goodwill is not a fictitious asset?

It cannot be touched and felt and therefore, goodwill is an intangible asset. Fictitious assets on the other hand, are the expenses or losses which are still to be charged from the profit and therefore, cannot be classified as tangible or intangible.

What are 3 types of interviews?

There are three types of interviews: unstructured, semistructured, and structured.

How do you write an interview with a famous person?

Use these 7 strategies to score a celebrity interview.

  1. Start small.
  2. Work your connections.
  3. Appeal to their interests.
  4. Be where they are.
  5. Persist.
  6. Use social media.
  7. Dig dirt.
  8. 46 comments on “Celebrity Interview Secrets: 7 Strategies for Writers to Score a Meeting”

What are the 10 most common interview questions and answers?

Answers to 10 Most Common Job Interview Questions

  • What Are Your Weaknesses? …
  • Why Should We Hire You? …
  • Why Do You Want to Work Here? …
  • What Are Your Goals? …
  • Why Did You Leave (or Why Are You Leaving) Your Job? …
  • When Were You Most Satisfied in Your Job? …
  • What Can You Do for Us That Other Candidates Can’t?

Is Depreciation a fictitious asset?

Amortization of intangible assets is a process by which the cost of such an asset is incrementally expensed or written off over time. Amortization applies to intangible (non-physical) assets, while depreciation applies to tangible (physical) assets.

How will verify the fictitious assets?

The best way to understand fictitious assets is to memorize the meaning of the word “fictitious” which means “not true” or “fake”. Fictitious assets are expenses & losses which for some reason are not written off during the accounting period of their incidence.

Is prepaid expense a fictitious asset?

Prepaid expenses and fictitious assets are both of revenue nature. Prepaid expenses are expenses incurred in advance. … These are spread over for more than one reporting period and hence are recorded as a non-current asset but these are not actually an asset and so they are treated as fictitious assets.

What is fictitious value?

A value not linked to an asset or liability, but created solely for accounting purposes. Critics of capitalism contend that a disproportionate amount of the value the market creates is arbitrary, though others strongly dispute this. Arbitrary value is also called fictitious value.

Is bills receivable a fictitious asset?

In fact, they are expenses and losses which for some reason couldn’t be written off during the accounting period of their incidence. Fictitious assets are written off against the firm’s earnings more than one accounting period. … They are recorded as assets in financial statements only to be written off later.

Is goodwill real or fictitious asset?

Firstly goodwill is not fictitious . But we cannot see it but it has value in the market . It is an intangible assets which have value in the market.

Is good will a fictitious asset?

Goodwill is the value of a firm’s reputation, its good brand name and favourable contacts in the market. It cannot be seen or touched like other assets of the firm. It does not have any physical existence. … Thus, goodwill is an intangible asset but not a fictitious asset.

Is goodwill is not a fictitious asset?

another important property of fictitious assets us that they HAVE NO SELLABLE OR MARKET VALUE. however, goodwill can be sold and purchased so it is not a fictitious asset. on the other hand it cannot be seen or touched and hence it is an intangible asset. … we can used it (Goodwill) so this is not fictitious asset.

What is the best type of interview?

As mentioned, when the interviewer sticks to deep, specific behavioral questions for each role the candidate has held, the structured behavioral interview is by far the best predictor of successful hires because a candidate’s actual past performance is the best predictor of their future success.

Which type of interview is most effective?

The most popular interview techniques

  • The most frequently used interview technique are structured interviews. …
  • Behavioral interviews come second in a tight competition. …
  • More than 88% of HR professionals have rated these two interview techniques (structured and behavioral interview technique) as effective.

What are the 6 common types of interviews?

The 6 Different Types Of Interviews (And The Pros And Cons of…

  • The Telephone Interview. …
  • The Video Interview. …
  • The Panel Interview. …
  • The Assessment Day. …
  • Group Interviews. …
  • Individual (face-to-face) Interviews.

What are the top 10 interview questions?

Wrapping Up | top 10 interview questions

  • Tell me about yourself.
  • What is your greatest strength?
  • What is your greatest weakness?
  • Why should we hire you?
  • What’s something positive your boss would say about you?
  • What are your salary expectations?
  • Why are you leaving your current role?
  • Why do you want this job?

Who is the best interviewer?


Rank Interviewee Interviewer
1 Michael Jackson Oprah Winfrey
2 Monica Lewinsky Barbara Walters
3 Richard Nixon David Frost
4 Michael Jackson and Lisa Marie Presley Diane Sawyer

How do you end an interview?

How to end an interview

  1. Ask specific and well-thought-out questions about the position and company.
  2. Reiterate your qualifications for the job.
  3. Inquire if the interviewer requires any additional information or documentation.
  4. Address any issues.
  5. Restate your interest in the position.

How would you describe yourself?

Example: “I am ambitious and driven. I thrive on challenge and constantly set goals for myself, so I have something to strive toward. I’m not comfortable with settling, and I’m always looking for an opportunity to do better and achieve greatness. In my previous role, I was promoted three times in less than two years.”

What is your weakness best answer?

The Best What Are Your Greatest Weaknesses Answers. My greatest weakness is that I am a shy and nervous person by nature. The result is that I have a difficult time speaking up in groups. Even if I have good ideas, I have trouble asserting them.

What are the top 20 interview questions?

20 Most Common Interview Questions & How to Answer Them

  • Tell me about yourself.
  • What are your weaknesses?
  • Why should we choose you for this job?
  • What are your hobbies outside of work?
  • Where do you see yourself in five years’ time?
  • Why are you leaving your current position?
  • What are your main strengths?



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