Recoverable amount of an asset isof selling price and value of an assets in use.

Related MCQs

• Sub standard asset are certain loan asset of a bank which are classified as ………….assets for a period not exceeding two year.
• As per As- 28 impairment of asset means decrease in the value of asset.
• Impairment assets is nothing but………………….in the value of assets
• …………….asset is one which has been classified as non-performing asset for period not exceeding than………….years
• Sub-standard assets is one which has been classified as non performing asset for a period not exceeding three years.
• If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 31500, Stock on date of Fire is 36000 and Loss of stock is 27000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 63000, Stock on date of Fire is 72000 and Loss of stock is 54000 then Amount of Claim for stock will be ……………
• Right issue generally made at a price lower that…………….value of shares.
• Banks are to recognize their income on…………….basis in respect of income on performing asset.