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In this scenario, when an old machine is exchanged for a new machine and cash is also involved, the historical cost of the new machine is calculated as follows: Fair Value of Old Machine + Cash Paid The fair value of the old machine is ₹1,50,000, and cash paid is ₹20,000. So, the historical cost of the new machine will be: ₹1,50,000 (Fair Value of Old Machine) + ₹20,000 (Cash Paid) = ₹1,70,000 Therefore, the historical cost of the new machine is ₹1,70,000.
Many times we read a term CBS used in banking operation. What is the full form of the letter ‘C’ in the term ‘CBS’?
‘Project Tatkal’ is a recent initiative of the State Bank of India to speed up the process of _____________.
Which of the following facilities is given to the individual to continue withdrawing money even if he/she has no enough funds in his/her account?
Which of the following ATM has the Bank’s name and Logo in it?
A person who sign the note of application & render his credit history during the process of loan application is called __________.
Recently, Global Entrepreneurship Summit 2017 was held at _________________
For SANKALP Project, India has signed loan agreement of $250 million with ____________.
The Bull’s Market is a
Which of the following rates signals the RBI’s long-term outlook on interest rates?
Which of the following is known as the ability to convert an investment into cash quickly and with little or no loss in value?