Question

national company purchased assets of the book value of Rs . 1,10,000 from venad co. Ltd . and agreed to make payment of purchase consideration is issuing, 8% debentures of RS. 100 each. at a premium of 10%. record the necessary journal entries.​

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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