Question

d the balan
5. On 1.1.2012 Gupta Bus Service Co. obtained Bus on the hire purchase system. The cach
the bus was 2,50,000. The payınent was to be made as 50,000 down and the b
instalment of 40,000 per year with interest at 4%. You are required to show the Bus A
Hire Vendor Account in the books of Gupta Bus Service Co. Hirer writes up depreciation
Ane . Interest.78000 6400: 4.800. 3. 200: 1.600. Derreriation 3 12 500 11​

Answer 1

Answer:

to the derreriation bus service is 250000