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On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st?.

Solutions for On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st? defined & explained in the simplest way possible. Besides giving the explanation of On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st?, a detailed solution for On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st? has been provided alongside types of On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st? theory, EduRev gives you an ample number of questions to practice On 1st April, 2011 Gobind purchased 4 cars from Hindustan Motor Co. on hire-purchase system. The cash price of each car was₹2,00,000. He was to pay 25% immediately and the balance in five yearly instalments together with interest at 10% p.a. Gobind depreciates the cars @20% p.a. on diminishing balance method.After paying the two instalments, Gopal could not pay the third instalment and seller took possession of 3 cars at an agreed value of be calculated after deducting 25% from the amount paid by Gobind against these 3 cars. Seller after spending₹ 12,500 on repairing, sold away all the three cars for₹2,80,000. Preparenecessary ledger accounts in the books of both the parties. Accounts are closed on 31st? tests, examples and also practice UPSC tests.