Please allow ads on our site
Please log in to access this content. You will be redirected to the login page shortly.
LoginQ 2. Dinesh Ltd. On 1st April 2015, purchased a machine from Rajesh Ltd. On hire purchasebasis. The cash price of the machine was Rs 25,000. The payment was to be made Rs 5000 onthe date of the contract and the balance in four annual instalments of Rs. 5000 each plus interestat 5% per annum payable on December 31s each year, and the first such instalment beingpayable on 31.12.2015. Depreciation is to be charged @ 10% on original cost.Show the journal entries and ledger accounts in the books of both the parties.
Accountancy Secondary School in Accountancy 10 months ago
Posted on 29 Oct 2024, this text provides information on Accountancy related to Secondary School in Accountancy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
Take Quiz To Earn Credits!
Turn Your Knowledge into Earnings.
Answers
No matter what stage you're at in your education or career, TuteeHub will help you reach the next level that you're aiming for. Simply,Choose a subject/topic and get started in self-paced practice sessions to improve your knowledge and scores.
