Question

Journal entry _20)purchased laptop of rs 40000 from joshi electronics @18%gst and paid by cheque

Answer 1

X purchased machinery under hire purchase agreement from the cash price of the machinery was rs15500 the payment was to be made as follows on signinig the agreement 3000 first year end 5000 second year end 5000 third year end 5000 calculate the interest for each year

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