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 Financial Management Questions
- In accordance with the recently published discussion paper on Introduction of Expected Credit Loss Framework for Provisioning by Banks on which of the belo...
- Which of the following statements about operational risk are correct? I. It is associated with internal company procedures, people, and systems. II. It inc...
- Which of the following forms the part of LIABILITY section of the balance sheet published by RBI of its organization? I. Capital and other re...
- What does the capability approach focus on in achieving justice?
- Which of the following is NOT one of the three components required for credit risk quantification?
- Goods purchased ₹1,00,000. Sales ₹90,000. Margin 20% on cost. Closing Inventory = ?
- What is the purpose of the Udyam Assist Portal (UAP) certificate issued to Informal Micro Enterprises (IMEs)?
- Which of the following is considered a capital transfer in the capital account of the BOP?
- Which of the following is a key eligibility criterion for availing funding under the ARISE project funding product?
- Which term describes the percentage of each sales rupee that remains after a company has paid for its goods?
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)