Question

Bombay Transport Ltd.purschsed on 1" April 2014 from Delhi motors five trucks
costing R$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 in the end of the four subsequent half years.
The payment due on 31" March 2015 could not be made and hence the trucks were
tacized by the vendor .
But after negotiation the hire purchaser was allowed to keep three trucks on the
condition that the value of the other two trucks would be adjusted against the amount
due, the trucks being valued at cost less 25% depreciation Bombay Transport
Lid.closes its books on 314 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 truck
repaired and sold one of them for Rs. 2,50,000. Prepare necessary ledger accounts in
the books of both the parties.​

Answer 1

Answer:

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Answer 2

Answer:

show me answer plz I can't understand any thing plz help me