This discussion on A purchases a plant from B on instalment system on April 1 ,2013. It's cash price is rs. 50,000. Rs.20000 were paid immediately. Balance of the amount was payable in three yearly instalments of rs. 10000 each. The instalment due on 31st March each year is paid on 1 April of the next year.B charges 10 % p.a. interest and insurance premium@2% p.a. in addition to the amount of instalment from A. B makes a provision of 10% for bad and doubtful debts . Prepare necessary accounts in the books of B.? is done on EduRev Study Group by B Com Students. The Questions and Answers of A purchases a plant from B on instalment system on April 1 ,2013. It's cash price is rs. 50,000. Rs.20000 were paid immediately. Balance of the amount was payable in three yearly instalments of rs. 10000 each. The instalment due on 31st March each year is paid on 1 April of the next year.B charges 10 % p.a. interest and insurance premium@2% p.a. in addition to the amount of instalment from A. B makes a provision of 10% for bad and doubtful debts . Prepare necessary accounts in the books of B.? are solved by group of students and teacher of B Com, which is also the largest student community of B Com. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for B Com on EduRev and even discuss your questions like A purchases a plant from B on instalment system on April 1 ,2013. It's cash price is rs. 50,000. Rs.20000 were paid immediately. Balance of the amount was payable in three yearly instalments of rs. 10000 each. The instalment due on 31st March each year is paid on 1 April of the next year.B charges 10 % p.a. interest and insurance premium@2% p.a. in addition to the amount of instalment from A. B makes a provision of 10% for bad and doubtful debts . Prepare necessary accounts in the books of B.? over here on EduRev! Apart from being the largest B Com community, EduRev has the largest solved Question bank for B Com.