41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

B Com Exam > B Com Questions > 41. Agent Vinod purchased machinery on hire p...

Join the Discussion on the App

41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA?

Join for Free

Join for Free

Most Upvoted Answer

41. Agent Vinod purchased machinery on hire purchase system. On signin...

84800

View all answers Start learning for free

Explore Courses for B Com exam

Similar B Com Doubts

Raja purchased an asset under hire purchase system for ` 60,000 payments to be made ` 15,000 down and three installments of ` 18,000 each at the end of each year. Rate of interest is 10% p.a. Raja depreciates asset @ 10% p.a. on diminishing balance method. Due to financial difficulties Raja could not pay any installment after first installment and selling company took possession of the asset. The selling company after spending` 1,500 on repairs it sold away the asset for ` 38,000. ?

View answer

Girish co.ltd purchased one machine from shrish co.ltd on 1-1-05 on hire purchase method. Girish co.ltd had paid followings amount towards the purchase of the machine: On1-1-05. 10%of cash price On 31-12-05 rs. 44500 On 31-12-06 rs. 32500 On31-12-07 rs.21000 Installments include interest at the rate of 5%per annum. Depression is to be charged at the rate of 10%as per straight line method. Prepare machinary a/c and shrish co. Ltd. A/c in the books of girish co. Ltd.?

View answer

Seeta and Geeta purchase a knitting machine on hire purchase system. They pay $1000 down and 1200,900 and 600 in three installments respectively at the interval of the two year. Rate of interest is 10% p.a. at yearly rest. Calculate interest including in each installment and cash price.?

View answer

On 1st April 2000, mr.raju purchased a machine on instalment system. The cash price of the machine was Rs. 74,500. The payment was made Rs. 20,000 down and three annual installments of Rs. 20,000 each on 31st March every year. Interest is charged give journal entries in the books of the purchaser and vendor. The books are closed on 31st March each year.?

View answer

X purchased a machine on hire purchase system the total cash price of the machine is 31960 down payment 8000 and three installment of 12000,10000,4000 payable at the end of the first second and third year's respectively interest is charged 5% charge depreciation at 10% on straight line method prepare ledger accounts in the books of x?

View answer

Share with a Friend

Answer this doubt

Question Description
41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA?.

Solutions for 41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of 41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA? defined & explained in the simplest way possible. Besides giving the explanation of 41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA?, a detailed solution for 41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA? has been provided alongside types of 41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA? theory, EduRev gives you an ample number of questions to practice 41. Agent Vinod purchased machinery on hire purchase system. On signing of the agreement, he paid Rs.20,000 and agreed to pay further three installments of Rs.23,400, Rs.21,600, Rs. 19,800 respectively. What will be the cash price? ARTMORABIA? tests, examples and also practice B Com tests.

Explore Courses for B Com exam