Question
An asset bought at Rs.10 lakh was sold for Rs.4 lakh after 3 years. What is the depreciation charged on the asset per year as per straight line method?
More Basic Accounting Concepts Questions
- An NPA of ₹25 crore is secured by land worth ₹18 crore, but property is under litigation for next 5 years. Borrower is not cooperating. What is the most ap...
- Outstanding is ₹60 crore. Realisable value through SARFAESI after 2 years is ₹35 crore (NPV ₹28 crore). Borrower offers OTS of ₹30 crore upfront. What is t...
- A bank has funded exposure ₹100 crore with risk weight 100% and non-funded exposure ₹50 crore with credit conversion factor 50% and risk weight 100%. What ...
- A borrower has DSCR 1.20, CR 1.30, security cover 1.15, good integrity but high industry volatility. What is the most appropriate sanction approach?
- A borrower submits Stock ₹120 crore and Debtors ₹80 crore. Margin is 30% on stock and 50% on debtors. Obsolete stock ₹20 crore and debtors over 180 days ₹3...
- What does cash flow means in accounting parlance?
- A company initiated the process of raising money by issue of equity shares. It received the share application money, but the allotment is pending. The mone...
- According to Keynesian, which of the following could lead to high unemployment?
- Which of the following statement is incorrect with respect to provisions?
- Which loan does not require the borrower to pay back during their lifetime?
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)