What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000  B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000
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D. Rs.1,00,000 Explanation: The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount upto Rupees one lakh is paid.
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The divisional supdt may sanction LSG SO Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 50000/- d) 75000/

Description : The divisional supdt may sanction LSG SO Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 50000/- d) 75000/

Last Answer : b) 30000/

The divisional supdt may sanction divisional office Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 50000/- d) 75000/

Description : The divisional supdt may sanction divisional office Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 50000/- d) 75000/

Last Answer : b) 30000/

In National Electronic Funds Transfer (NEFT) maximum amount per transaction is limited to ________ A. Rs.75000 B. Rs.50000 C. Rs.80000 D. Rs.90000

Description : In National Electronic Funds Transfer (NEFT) maximum amount per transaction is limited to ________ A. Rs.75000 B. Rs.50000 C. Rs.80000 D. Rs.90000

Last Answer : B. Rs.50000 Explanation: No. There is no limit - either minimum or maximum - on the amount of funds that could be transferred using NEFT. However, maximum amount per transaction is ... -based remittances within India and also for remittances to Nepal under the Indo-Nepal Remittance Facility Scheme.

One time company registration fee for large scale industry is Rs…………….. A. 150000 C. 100000 B. 50000 D. 75000

Description : One time company registration fee for large scale industry is Rs…………….. A. 150000 C. 100000 B. 50000 D. 75000

Last Answer : 100000

If the current assets and working capital of a company are rs.80,000 and rs.50000 then current liability will be------------- a) Rs.1,00,000 b) Rs.1,30,000 c) Rs.70000 d) Rs.30000

Description : If the current assets and working capital of a company are rs.80,000 and rs.50000 then current liability will be------------- a) Rs.1,00,000 b) Rs.1,30,000 c) Rs.70000 d) Rs.30000

Last Answer : d) Rs.30000

DICGC guarantees amount up to _____________ per depositor per bank. A. Rs.1,00,000 B. Rs.1,50,000 C. Rs.2,00,000 D. Rs.3,00,000

Description : DICGC guarantees amount up to _____________ per depositor per bank. A. Rs.1,00,000 B. Rs.1,50,000 C. Rs.2,00,000 D. Rs.3,00,000

Last Answer : A. Rs.1,00,000 Explanation: DICGC guarantees amount up to Rs. 1,00,000 per depositor per bank. They also offer income tax and wealth tax benefits.

The divisional supdt may sanction up to Rs_____ in each case for hiring examination and for other purpose etc holding customers meet etc a) 25000/- b) 30000/- c) 5000/- d) 75000/

Description : The divisional supdt may sanction up to Rs_____ in each case for hiring examination and for other purpose etc holding customers meet etc a) 25000/- b) 30000/- c) 5000/- d) 75000/

Last Answer : c) 5000/

The divisional supdt may sanction EDSO/EDBO Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 5000/- d) 75000/

Description : The divisional supdt may sanction EDSO/EDBO Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 5000/- d) 75000/

Last Answer : c) 5000/

Maximum sentence of fine C.J.M. can impose a) 25000/- b) 50000/- c) No limit d) Can not impose

Description : Maximum sentence of fine C.J.M. can impose a) 25000/- b) 50000/- c) No limit d) Can not impose

Last Answer : c) No limit

The divisional supdt may sanction Sub divisional office Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 50000/- d) 15000/

Description : The divisional supdt may sanction Sub divisional office Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 50000/- d) 15000/

Last Answer : d) 15000/

What is the minimum amount of deposit into/withdrawal from currency chest? A. Rs.1,00,000 B. Rs.1,50,000 C. Rs.2,00,000 D. Rs.3,00,000

Description : What is the minimum amount of deposit into/withdrawal from currency chest? A. Rs.1,00,000 B. Rs.1,50,000 C. Rs.2,00,000 D. Rs.3,00,000

Last Answer : A. Rs.1,00,000 Explanation: The minimum amount of deposit into/withdrawal from currency chest will be Rs.1,00,000/- and thereafter, in multiples of Rs.50,000.

Limit to branch office for booking of insured article is a) 1,00,000 b) 20,000 c) 600 d) No limit

Description : Limit to branch office for booking of insured article is a) 1,00,000 b) 20,000 c) 600 d) No limit

Last Answer : c) 600

Insured article limit in case currency note and any value of article a) 1,00,000 & 10,000 b) 20,000 & 1,00,000 c) 10,000 & 50,000 d) None of these

Description : Insured article limit in case currency note and any value of article a) 1,00,000 & 10,000 b) 20,000 & 1,00,000 c) 10,000 & 50,000 d) None of these

Last Answer : b) 20,000 & 1,00,000

Gross profit are Rs.50,000 and expenses not result in the application of funds are Rs.10000 funds from operation will be a) Rs.60000 b) Rs.50000 c) Rs. 40000 d) Rs. 30000

Description : Gross profit are Rs.50,000 and expenses not result in the application of funds are Rs.10000 funds from operation will be a) Rs.60000 b) Rs.50000 c) Rs. 40000 d) Rs. 30000

Last Answer : a) Rs.60000

How much of my bank deposits are FDIC insured?

Description : How much of my bank deposits are FDIC insured?

Last Answer : The limit for one person, one account is $250,000. In 2014, that number will reduce to $100,000.

Mark the correct option related to submission of robbery report to DG Posts a) Case of highway robbery of mail involving loss of cash/valuables above Rs 50000 b) The attacks on offices by dacoits causing injury to the staff/losses over Rs50000 c) Cases of loss of damage to or tampering with ins article which the amount of compensation payable exceed Rs 10000 d) Cases of fraud and loss or misappropriation of public money exceeds Rs 50000 e) All the above

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Last Answer : e) All the above

Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)

Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%

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Last Answer : Answer: 1•125 : 1

The current ratio is 3 : 2 and the amount of current liabilities is Rs. 40,000. What is the amount of current assets ? (A) Rs. 60,000 (B) Rs. 70,000 (C) Rs. 80,000 (D) Rs. 1,00,000

Description : The current ratio is 3 : 2 and the amount of current liabilities is Rs. 40,000. What is the amount of current assets ? (A) Rs. 60,000 (B) Rs. 70,000 (C) Rs. 80,000 (D) Rs. 1,00,000

Last Answer : Answer: Rs. 60,000

The rate of gross profit is 20% on sales and the cost of goods sold is Rs. 1‚00‚000, the amount of gross profit will be– (A) Rs. 30‚000 (B) Rs. 25‚000 (C) Rs. 20‚000 (D) Rs. 16‚667

Description : The rate of gross profit is 20% on sales and the cost of goods sold is Rs. 1‚00‚000, the amount of gross profit will be– (A) Rs. 30‚000 (B) Rs. 25‚000 (C) Rs. 20‚000 (D) Rs. 16‚667

Last Answer : Answer: Rs. 25‚000

If super profit is Rs. 4‚000 and normal rate of return is 8 per cent, the amount of goodwill will be– (A) Rs. 40‚000 (B) Rs. 50‚000 (C) Rs. 4‚00‚000 (D) Rs. 5‚000

Description : If super profit is Rs. 4‚000 and normal rate of return is 8 per cent, the amount of goodwill will be– (A) Rs. 40‚000 (B) Rs. 50‚000 (C) Rs. 4‚00‚000 (D) Rs. 5‚000

Last Answer : Answer: Rs. 50‚000

A machinery is purchased for Rs. 3,00,000 and Rs. 50,000 is spent on its installation. Rs. 5,000 is spent on fuel. What will be the amount of capital expenditure ? (A) Rs. 3,00,000 (B) Rs. 3,50,000 (C) Rs. 3,55,000 (D) None of these

Description : A machinery is purchased for Rs. 3,00,000 and Rs. 50,000 is spent on its installation. Rs. 5,000 is spent on fuel. What will be the amount of capital expenditure ? (A) Rs. 3,00,000 (B) Rs. 3,50,000 (C) Rs. 3,55,000 (D) None of these

Last Answer : Answer: Rs. 3,50,000

An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Description : An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if ... years is 0.069? (A) Rs. 31050 (B) Rs. 34500 (C) Rs. 37950 (D) Rs. 5000

Last Answer : (A) Rs. 31050

The penalty shall be imposed to Central/State public information officer is a) Rs 225/- each day till application is received or information furnished. b) Rs 250/- each day till application is received or information furnished. c) The total amount of penalty shall not exceed Rs 25000/- d) B&C both

Description : The penalty shall be imposed to Central/State public information officer is a) Rs 225/- each day till application is received or information furnished. b) Rs 250/- each day till application is received ... furnished. c) The total amount of penalty shall not exceed Rs 25000/- d) B&C both

Last Answer : d) B&C both

The amount of fine which offender is liable is a) Rs 25000/- b) Unlimited c) Unlimited but shall no be expensive d) None of these

Description : The amount of fine which offender is liable is a) Rs 25000/- b) Unlimited c) Unlimited but shall no be expensive d) None of these

Last Answer : c) Unlimited but shall no be expensive

Provided that the minimum amount of sum so payable shall not be less than ____ of the value of such defective goods sold or services provided, as the case may be to such consumers. a) Rs 25000/- c) 10 % c) 5% d) None of these

Description : Provided that the minimum amount of sum so payable shall not be less than ____ of  the value of such defective goods sold or services provided, as the case may be to such  consumers. a) Rs 25000/- c) 10 % c) 5% d) None of these

Last Answer : c) 10 %

Net Profit of the society is Rs. 100000. 25 % should be transferred to reserve fund. Calculate the amount to be transferred to the reserve fund___ a. Rs 28000 b. Rs 25000 c. Rs 20000 d. Rs 18000

Description : Net Profit of the society is Rs. 100000. 25 % should be transferred to reserve fund. Calculate the amount to be transferred to the reserve fund___ a. Rs 28000 b. Rs 25000 c. Rs 20000 d. Rs 18000

Last Answer : Rs.25000

Bharathi started a business with Rs.50000 and after 4 months, sathya joined him with Rs.120000. Bharathi received Rs.116000 including 20% of profit as commission for managing the business. What amount did sathya receive? A) 112484. B) 145826. C) 134972. D) 112540

Description : Bharathi started a business with Rs.50000 and after 4 months, sathya joined him with Rs.120000. Bharathi received Rs.116000 including 20% of profit as commission for managing the business. What amount did sathya receive? A) 112484. B) 145826. C) 134972. D) 112540

Last Answer : Answer: A) Ratio of the profits = 50000 12 : 120000 8 = 5:8 Let the total profit = x. Then Bharathi received 20x/100 = x/5 as commission for managing the business Remaining profit = x- x/5 = 4x ... =x/5+4x/13=116000 =33x/65=116000 => x = 228484 Sathya 's share = 228484 - 116000 = 112484

What is the charge of Inward transactions at destination bank branches in NEFT? A. Rs.1 B. Rs.1.50 C. Rs.2 D. No Charge

Description : What is the charge of Inward transactions at destination bank branches in NEFT? A. Rs.1 B. Rs.1.50 C. Rs.2 D. No Charge

Last Answer : D. No Charge Explanation: Inward transactions – Free, no charge to be levied.

Adhu Ltd. owns machinery (rate of depreciation is 15%), the written down value of which as on 1st April 2017 is Rs.30 Lakh. Due to fire, entire assets in the block were destroyed and the insurer paid Rs.25 lakh. The eligible depreciation in respect of block : a) Rs.450000 b) Rs. 75000 c) Rs. 400000 d) Nil

Description : Adhu Ltd. owns machinery (rate of depreciation is 15%), the written down value of which as on 1st April 2017 is Rs.30 Lakh. Due to fire, entire assets in the block were destroyed and the insurer paid Rs.25 lakh ... depreciation in respect of block : a) Rs.450000 b) Rs. 75000 c) Rs. 400000 d) Nil

Last Answer : d) Nil

Kumar buys a car marked price at Rs 500000 with 35% and 30% off. He spends Rs 75000 for maintenance sell it for Rs 500000 What is the gain or loss percentage?

Description : Kumar buys a car marked price at Rs 500000 with 35% and 30% off. He spends Rs 75000 for maintenance sell it for Rs 500000 What is the gain or loss percentage?

Last Answer : Total CP= (65%0f 70%of 500000)+75000 =0.65*0.7*500000+75000 CP=Rs 302500 SP=Rs5,00,000 gain%=(500000-302500)/302500*100 =65.28%

A masonry dam (density = 20,000 N/m3 ) 6 m high, one metre wide at the top and 4 m wide at the base, has vertical water face. The minimum stress at the base of the dam when the reservoir is full, will be (A) 75 N/m2 (B) 750 N/m2 (C) 7500 N/m2 (D) 75000 N/m

Description : A masonry dam (density = 20,000 N/m3 ) 6 m high, one metre wide at the top and 4 m wide at the  base, has vertical water face. The minimum stress at the base of the dam when the reservoir is  full, will be  (A) 75 N/m2 (B) 750 N/m2 (C) 7500 N/m2 (D) 75000 N/m

Last Answer : (C) 7500 N/m

What is the maximum bank CD amount that is FDIC insured?

Description : What is the maximum bank CD amount that is FDIC insured?

Last Answer : The maximum FDIC insured amount TOTAL for any individual is $250,000, so you have to consider all of your bank savings and bank CDs. Remember that stocks are not covered and other investments are not necessarily FDIC insured.

Is SunTrust Bank in Tampa a FDIC bank. And what is the maximum insured amount?

Description : Is SunTrust Bank in Tampa a FDIC bank. And what is the maximum insured amount?

Last Answer : If you have under $100,000 in all combined accounts at one particular FDIC-insured bank, you are covered.

Reserve Bank announced the cap under Market Stabilisation Scheme (MSS) which has been fixed at Rs 30,000 crore for the current fiscal. MSS was launched in the year A) 2001 B) 2006 C) 2005 D) 2004 E) None of these

Description : Reserve Bank announced the cap under Market Stabilisation Scheme (MSS) which has been fixed at Rs 30,000 crore for the current fiscal. MSS was launched in the year A) 2001 B) 2006 C) 2005 D) 2004 E) None of these

Last Answer : D) 2004 Explanation: The scheme was launched in 2004.Under this scheme securities are issued with the objective of providing the RBI with a stock of securities with which it can intervene in the market for managing liquidity. These securities are issued not to meet the government‘s expenditure.

An insured letter insure for Rs 1000/- should be delivered through a) Postman to the addressee only b) Through special messenger c) Postman to the person authorized by addressee d) Post office window

Description : An insured letter insure for Rs 1000/- should be delivered through a) Postman to the addressee only b) Through special messenger c) Postman to the person authorized by addressee d) Post office window

Last Answer : d) Post office window

Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, 10% debentures of Rs. 100 each at par and 15,000 equity shares of Rs. 10 each. How much was the flow of funds in the above transaction ? (A) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000

Description : Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, ... ) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000

Last Answer : Answer: Rs. 30,000

A limited company makes a net profit of Rs. 2,00,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of machinery. What are the funds from operation ? (A) Rs. 2,00,000 (B) Rs. 2,40,000 (C) Rs. 2,50,000 (D) Rs. 2,60,000

Description : A limited company makes a net profit of Rs. 2,00,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of ... 2,00,000 (B) Rs. 2,40,000 (C) Rs. 2,50,000 (D) Rs. 2,60,000

Last Answer : Answer: Rs. 2,50,000

The following data, relates to manufacturing company for the year 2006-07– Net Profit as per P & L A/c–Rs. 2,40,000; Depreciation–Rs. 80,000; Goodwill written-off– Rs. 40,000, Profit on Sale of Fixed Assets–Rs. 16,000, Proposed Dividend–Rs. 96,000. The fund from operation would be– (A) Rs. 4,40,000 (B) Rs. 4,00,000 (C) Rs. 6,40,000 (D) None of the above

Description : The following data, relates to manufacturing company for the year 2006-07- Net Profit as per P & L A/c-Rs. 2,40,000; Depreciation-Rs. 80,000; Goodwill written-off- Rs. 40,000, Profit on Sale of Fixed Assets-Rs. 16,000, ... ) Rs. 4,40,000 (B) Rs. 4,00,000 (C) Rs. 6,40,000 (D) None of the above

Last Answer : Answer: None of the above

X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many shares should X Ltd. issue to Maruti Udyog Ltd. for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Description : X Ltd. purchased a car from Maruti Udyog Ltd. for Rs. 5,00,000. As per agreement Rs. 80,000 was to be paid in cash and the balance by issue of shares of Rs. 10 each at a premium of Rs. 5 per share. How many ... . for the car ? (A) 30,000 shares (B) 29,000 shares (C) 28,500 shares (D) 28,000 shares

Last Answer : Answer: 28,000 shares

Rate of Gross Profit on cost is 25%. Total sales is Rs. 1,00,000 and Average Stock is Rs. 1,60,000. Stock Turnover Ratio will be– (A) 0•5 times (B) 0•8 times (C) 0•10 times (D) 0•4 times

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Last Answer : Answer: 0•5 times

Net profit after tax of Rs. 2,00,000 is Rs. 4,00,000. Share capital is Rs. 8,00,000 and revenue reserve is Rs. 2,00,000. What is rate of return on equity ? (A) 40% (B) 50% (C) 60% (D) 75%

Description : Net profit after tax of Rs. 2,00,000 is Rs. 4,00,000. Share capital is Rs. 8,00,000 and revenue reserve is Rs. 2,00,000. What is rate of return on equity ? (A) 40% (B) 50% (C) 60% (D) 75%

Last Answer : Answer: 40%

R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 4,00,000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by– (A) Rs. 4,00,000 (B) Rs. 5,00,000 (C) Rs. 3,20,000 (D) Rs. 4,80,000

Description : R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 4,00,000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by– (A) Rs. 4,00,000 (B) Rs. 5,00,000 (C) Rs. 3,20,000 (D) Rs. 4,80,000

Last Answer : Answer: Rs. 4,00,000

The Cabinet Committee on Economic Affairs has recently raised the emoluments of President, the Vice-President and the Governors. The emolument payable to the President, has been raised to – (1) Rs. 1.00 lakh from Rs. 50,000 per month (2) Rs. 1.50 lakh from Rs. 50,000 per month (3) Rs. 1.75 lakh from Rs. 75,000 per month (4) Rs. 2.00 lakh from Rs. 1.00 lakh per month

Description : The Cabinet Committee on Economic Affairs has recently raised the emoluments of President, the Vice-President and the Governors. The emolument payable to the President, has been raised to - (1) Rs. 1.00 lakh from Rs. 50, ... from Rs. 75,000 per month (4) Rs. 2.00 lakh from Rs. 1.00 lakh per month

Last Answer : (2) Rs. 1.50 lakh from Rs. 50,000 per month Explanation: Emoluments of the President, the Vice President and Governors were raised by 300 per cent in 2008. The President's ... Singh. The CCEA also rationalized postretirement benefits to former Presidents, former Vice Presidents and their spouses.

If a customer booking speed article for Rs 50,000/‐ to 1,00,000/‐ in a month then what is the rate of discount applicable for the speed booking ? a) 5% b) 3% c) 4% d) None of these

Description : If a customer booking speed article for Rs 50,000/‐ to 1,00,000/‐ in a month then what is the rate of discount applicable for the speed booking ? a) 5% b) 3% c) 4% d) None of these

Last Answer : a) 5%

A machine is purchased for Rs. 10,000,00 and has an estimated life of 10 years. The salvage value at the end of 10 years is Rs. 1,50,000. The book value of the machine at the end of 5 years using general straight line method of evaluation of depreciation is (A) Rs. 4,75,000 (B) Rs. 5,75,000 (C) Rs. 6,50,000 (D) Rs. 8,50,000

Description : A machine is purchased for Rs. 10,000,00 and has an estimated life of 10 years. The salvage value at the end of 10 years is Rs. 1,50,000. The book value of the machine at the end of 5 years using general straight line method ... Rs. 4,75,000 (B) Rs. 5,75,000 (C) Rs. 6,50,000 (D) Rs. 8,50,000

Last Answer : (B) Rs. 5,75,000

An excavator costs Rs. 20,00,000 and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is (A) Rs. 8,43,750 (B) Rs. 8,75,000 (C) Rs. 10,50,000 (D) Rs. 11,56,250

Description : An excavator costs Rs. 20,00,000 and has an estimated life of 8 years. It has no salvage value at the end of 8 years. The book value of the excavator at the end of 3 years using general double declining balance method is (A) Rs. 8,43,750 (B) Rs. 8,75,000 (C) Rs. 10,50,000 (D) Rs. 11,56,250

Last Answer : (A) Rs. 8,43,750

One time registration fee of rupees 1,00,000 for large-scale and Rs _________ for small scale industry. A. 30,000 C. 15,000 B. 25,000 D. 28,000

Description : One time registration fee of rupees 1,00,000 for large-scale and Rs _________ for small scale industry. A. 30,000 C. 15,000 B. 25,000 D. 28,000

Last Answer : 25000

Net Assets of D.Co. for Purchase Consideration worth Rs. 4,00,000. At the time of absorption, the company has paid 32,000 equity shares each of Rs.10 each at 10% premium, then remaining cash will be - (A) Rs. 48,000 (B) Rs. 84,000 (C) Rs. 80,000 (D) Rs. 90,000

Description : Net Assets of D.Co. for Purchase Consideration worth Rs. 4,00,000. At the time of absorption, the company has paid 32,000 equity shares each of Rs.10 each at 10% premium, then remaining cash will be - (A) Rs. 48,000 (B) Rs. 84,000 (C) Rs. 80,000 (D) Rs. 90,000

Last Answer : (A) Rs. 48,000