Question
A company purchased machinery on 1st April 2021 for
₹12,00,000 with an estimated residual value of ₹1,20,000 and useful life of 6 years. Using straight-line method as per Ind-AS 16, what should be the annual depreciation charge?Solution
Depreciation = (Cost – Residual Value) / Useful Life = (12,00,000 – 1,20,000) / 6 = ₹1,80,000
A bank finds it difficult to repay the short term deposits on maturity because the funds of the bank are locked in ____
When the RBI increases the "Repo Rate," it generally leads to:
What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
The ‘CAMELS’ approach is a risk assessment method. What does C stand for in CAMELS?
A bank has Bills Discounted worth ₹4,00,000. Unexpired discount at year-end is ₹40,000. What is the adjustment in final accounts?
As per RBI's IRAC norms, a term loan becomes a Non-Performing Asset (NPA) if interest and/or instalment of principal remains overdue for a period of mor...
The minimum capital requirement for setting up a new universal bank in the private sector as per RBI is:
"Amortization" is the process of:
What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
What is required for conducting V-CIP (Video-Based Customer Identification Process)?
