Question

illustration 23 (Journal Entries and Ledger Accounts in the books of Vendor)
On 14 April 2014 Mysore Oil Company Ltd. Purchased a Machine on hire purchase system from Delhi Motor
Company Ltd. The cash price of the machine was 522,350 and payment was to be made as follows: 36,000 was
to be made on signing of the agreement and the balance in 3 installments of 36,000 each at the end of each
year. 5% p.a. interest is charged by Delhi Motor Company Ltd. Mysore Oil Company Ltd. has decided to write
off 10% p.a. on the diminishing balance of the cash price. Give journal entries and ledger accounts in the books
of hire vendor under Asset Accrual Method. Calculations are to be made to the nearest rupee.with calculation​

Answer 1

Answer:

Andaman and Nicobar Island

The Andaman and the Nicobar Islands lies to the southeast of the Indian mainland in the Bay of Bengal. Andaman and Nicobar has its own rich culture and traditions. The island has large number of beaches and tourists are attracted by these.

Features

• Port Blair is the capital of Andaman Nicobar Islands.
• Famous for the popular cellular jail
• Port Blair has a tropical monsoon climate
• Most common religion is Hinduism followed by Christianity and Islam
• Bengali is the most common language. Hindi, Tamil and Telugu are other languages spoken by the people
• Tourism is the main leading economy

I hope this will be help you.