The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2012 paying cash Rs.10,000, and agreeing to pay three further instalments of Rs. 10,000 each on December 31 each year. The cash price of the car is Rs. 37,250 and Bombay Motor Ltd. charges interest at 5% p.a. The Madras Transport Company writes off 10% p.a. as depreciation on the Reducing Balance Method. Prepare necessary Ledger Accounts in the books of Bombay Motors Ltd.?
This discussion on The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2012 paying cash Rs.10,000, and agreeing to pay three further instalments of Rs. 10,000 each on December 31 each year. The cash price of the car is Rs. 37,250 and Bombay Motor Ltd. charges interest at 5% p.a. The Madras Transport Company writes off 10% p.a. as depreciation on the Reducing Balance Method. Prepare necessary Ledger Accounts in the books of Bombay Motors Ltd.? is done on EduRev Study Group by B Com Students. The Questions and Answers of The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2012 paying cash Rs.10,000, and agreeing to pay three further instalments of Rs. 10,000 each on December 31 each year. The cash price of the car is Rs. 37,250 and Bombay Motor Ltd. charges interest at 5% p.a. The Madras Transport Company writes off 10% p.a. as depreciation on the Reducing Balance Method. Prepare necessary Ledger Accounts in the books of Bombay Motors Ltd.? 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 The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2012 paying cash Rs.10,000, and agreeing to pay three further instalments of Rs. 10,000 each on December 31 each year. The cash price of the car is Rs. 37,250 and Bombay Motor Ltd. charges interest at 5% p.a. The Madras Transport Company writes off 10% p.a. as depreciation on the Reducing Balance Method. Prepare necessary Ledger Accounts in the books of Bombay Motors Ltd.? over here on EduRev! Apart from being the largest B Com community, EduRev has the largest solved Question bank for B Com.
This discussion on The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2012 paying cash Rs.10,000, and agreeing to pay three further instalments of Rs. 10,000 each on December 31 each year. The cash price of the car is Rs. 37,250 and Bombay Motor Ltd. charges interest at 5% p.a. The Madras Transport Company writes off 10% p.a. as depreciation on the Reducing Balance Method. Prepare necessary Ledger Accounts in the books of Bombay Motors Ltd.? is done on EduRev Study Group by B Com Students. The Questions and Answers of The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2012 paying cash Rs.10,000, and agreeing to pay three further instalments of Rs. 10,000 each on December 31 each year. The cash price of the car is Rs. 37,250 and Bombay Motor Ltd. charges interest at 5% p.a. The Madras Transport Company writes off 10% p.a. as depreciation on the Reducing Balance Method. Prepare necessary Ledger Accounts in the books of Bombay Motors Ltd.? 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 The Madras Transport Company purchases a motor car from Bombay Motor Ltd. on a hire-purchase agreement on January 1, 2012 paying cash Rs.10,000, and agreeing to pay three further instalments of Rs. 10,000 each on December 31 each year. The cash price of the car is Rs. 37,250 and Bombay Motor Ltd. charges interest at 5% p.a. The Madras Transport Company writes off 10% p.a. as depreciation on the Reducing Balance Method. Prepare necessary Ledger Accounts in the books of Bombay Motors Ltd.? over here on EduRev! Apart from being the largest B Com community, EduRev has the largest solved Question bank for B Com.