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On 1st April, 2004 Ram & Company purchased a machine on hire purchase system for ₹25,500combining principal and interest payable by three equal instalments. The vendor charges interest @ 5% p.a. Show the accounts in the books of the purchaser (depreciating 10% on the diminishing balance early). The present value of an annuity of rupee one for three years @ 5% is 2.72325. Accounts are closed on 31st March every year. [Ans. Balance of Machinery A/c at the end of: 2004-05 ₹20,832.87, 2005-06 18,749.58,? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared
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On 1st April, 2004 Ram & Company purchased a machine on hire purchase system for ₹25,500combining principal and interest payable by three equal instalments. The vendor charges interest @ 5% p.a. Show the accounts in the books of the purchaser (depreciating 10% on the diminishing balance early). The present value of an annuity of rupee one for three years @ 5% is 2.72325. Accounts are closed on 31st March every year. [Ans. Balance of Machinery A/c at the end of: 2004-05 ₹20,832.87, 2005-06 18,749.58,?, a detailed solution for On 1st April, 2004 Ram & Company purchased a machine on hire purchase system for ₹25,500combining principal and interest payable by three equal instalments. The vendor charges interest @ 5% p.a. Show the accounts in the books of the purchaser (depreciating 10% on the diminishing balance early). The present value of an annuity of rupee one for three years @ 5% is 2.72325. Accounts are closed on 31st March every year. [Ans. Balance of Machinery A/c at the end of: 2004-05 ₹20,832.87, 2005-06 18,749.58,? has been provided alongside types of On 1st April, 2004 Ram & Company purchased a machine on hire purchase system for ₹25,500combining principal and interest payable by three equal instalments. The vendor charges interest @ 5% p.a. Show the accounts in the books of the purchaser (depreciating 10% on the diminishing balance early). The present value of an annuity of rupee one for three years @ 5% is 2.72325. Accounts are closed on 31st March every year. [Ans. Balance of Machinery A/c at the end of: 2004-05 ₹20,832.87, 2005-06 18,749.58,? theory, EduRev gives you an
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