Question

Bombay Transport Ltd.purschsed on 1 April 201
costing Rs.3,00,000 each on the hire purchase system. The payment was to be made as
follows:
10% of cash price down:
25% of cash price at the end of the four subsequent half years.
The payment due on 31" March ,2015 could not be made and hence the trucks wer
seized by the vendor.
But after negotiation the hire purchaser was allowed to keep three trucks on th
condition that the value of the other two trucks would be adjusted agunst the amou
due, the trucks being valued at cost less 25% depreciation Bombay Transpo
Ltd.closes its books on 31" March each year and the depreciation is charged at 15
per annum on the original cost .The vendor spent Rs. 60.000 on getting the tru
epaired and sold one of them for Rs.2,50,000. Prepare necessary ledger accounts
ne books of both the parties.
से ट्रांसपोर्ट लिमिटेड ने । अप्रैल, 2

Answer 1

Answer:

Bro It's Hindi And English I Don,t Understand