Question
The Plant and Machinery account of a company showed an opening balance of ₹6,00,000 and a closing balance of ₹8,50,000. During the year: • Depreciation provided on machinery was ₹60,000. • A machine costing ₹50,000 (with accumulated depreciation of ₹10,000) was sold for ₹45,000. What is the amount of Purchase of Machinery (Application of Funds) during the year?
More Accounts Questions
- As per Schedule III of Companies Act, which of the following is not shown under ‘Other Current Liabilities’?
- A project requires ₹4 lakh initial investment and yields ₹1 lakh annually for 5 years. If the cost of capital is 10%, what is the Net Present Value (NPV)?
- A company follows the accrual basis of accounting and recognizes revenue when the goods are dispatched, not when cash is received. However, in its final ac...
- ICDS II deals with which of the following aspect?
- Which among the following is a Progressive Tax?
- ______ of the Companies Act, 2013 deals with the Powers and Duties of Auditors and Auditing Standards.
- What is the concessional rate of interest applicable under the Differential Rate of Interest (DRI) Scheme?
- Under AS 6, which of the following cannot be considered a method of depreciation?
- In the context of securities issuance, 'Green Shoe Option' allows the underwriter to:
- Read the given statements carefully and select the most appropriate option. (i) Production function depicts the technical relation between inputs and outp...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)